3650.11 – Peanut Butter Pricing


If a glass jar of all natural peanut butter 3 inches in diameter and 4 inches tall sells for $2.00, what is a fair price for one that is 6 inches in diameter and 6 inches tall?


Solution

Pricing ought to be by the volume of peanut butter inside. The volume of a cylinder of radius rr and height hh is πr2h \pi r^2 h. For the two cans in the problem we have volumes of π(1.5)24=9π\pi (1.5)^2 4 = 9 \pi  and π(3)26=54π\pi (3)^2 6 = 54 \pi respectively.

In case the answer isn't jumping right off the page, we use a proportion,

9π54π=2x9x=108x=$12.00\begin{aligned}\dfrac{9 \pi}{54 \pi} &= \dfrac{2}{x} \\9x &= 108 \\x &= \$12.00\end{aligned}

Question to ponder: The solution begins with the statement that the cost should depend on the volume inside the jar.  But shouldn't the amount of material in the jar itself--the glass or plastic--be taken into account somehow too?