A certain bakery sells six different-sized wedding cakes. Each cake costs x dollars more than the next one below it in size, and the price of the largest cake is $24.50. If the sum of the prices of the six different cakes is $109.50, what is the value of x? Select the correct option:
A) 1.50
B) 1.75
C) 2.00
D) 2.50
E) 3.00
Since the price of the largest cake (6th) is $24.50, then the price of the smallest cake (1st) is $(24.50-5x). Now, the prices of the cakes are evenly spaced so the sum of the prices is (average price)*(# of cakes)=(first+last)/2*(# of cakes). So, (24.50-5x+24.50)/2*6= 109.50 --&gt; x=2.5.   Answer: 2.50.
<result>D</result>
A certain bakery sells six different-sized wedding cakes. Each cake costs x dollars more than the next one below it in size, and the price of the largest cake is $24.50. If the sum of the prices of the six different cakes is $109.50, what is the value of x?