The Reflection on the Cost of Perfume Per Liter

How much does it cost per liter for a 115.6-ml bottle of perfume that is selling for $79.75?

A) $69.10 per liter
B) $690.33 per liter
C) $7.97 per liter
D) $52.84 per liter

Answer:

The cost of the perfume per liter is $690.33.

Reflecting on the cost of perfume per liter can give us insights into the pricing strategy and value perception in the fragrance industry. In this case, a 115.6-ml bottle of perfume is selling for $79.75. By calculating the cost per liter, we found that it costs $690.33 per liter.

The calculation involves converting the volume from milliliters to liters and then dividing the total cost by the volume in liters. Given that 1 liter is equal to 1000 milliliters, we first converted 115.6 ml to 0.1156 liters. Then, by dividing $79.75 by 0.1156, we arrived at $690.33 per liter.

This high cost per liter highlights the premium nature of the perfume and the perceived value it holds for consumers. It also indicates the markups and profit margins that exist within the perfume industry. Understanding the cost per liter can provide a deeper understanding of the product's pricing strategy and its positioning in the market.