Question

Farmer Kipp sold 25 horses for a total of $7500 in January and 25 horses for a total of $10500 in February. What is the average price of the horses Farmer Kipp sold during these two months?

Answer 1

So Average Price of horse is $360

Explanation:

Given:

25 horses sold in January for $ 2500

25 horses sold in February for $10500

TO find:

Average price of horse = ?

Solution:

Average price is usually found out by adding all the values and dividing by its total no of values

Now in our case

Total Horse = 25 + 25

= 50

Total Money = $7500 + $10500

= $18000

Average Price
`=(total price)/(total horses)`

Average Price
`=(18000)/(50)`

=$360

So Average Price of horse is $360