Question

the Elegant Farmer grocery store buys bushels of apples each week. Calculate the weighted average price paid per bushel based on the following information for the month of June:

Answer 1

Without specific data on the number of bushels and the prices paid, we cannot calculate the weighted average price per bushel for the Elegant Farmer grocery store. The general approach requires multiplying the price by the quantity bought at that price and dividing the sum by the total bushels.

Step-by-step explanation:

The Elegant Farmer grocery store is calculating the weighted average price paid per bushel of apples for the month of June. To find this, we would need to know the number of bushels purchased at each price point throughout the month. However, the information provided does not include specific data on quantities purchased or the varying prices paid per bushel. Therefore, we cannot accurately perform this calculation without additional information.

Despite this, a general method would involve multiplying each price by the number of bushels bought at that price, summing these products, and then dividing by the total number of bushels. This would give us the weighted average price per bushel.

Answer 2

The price of the bushel is 1.22, 1.41, 1.38, and 1.27.

To calculate the weighted average, all you need to is to just add all the values given above and then divide it by 4, since we only have 4 values of the bushel.

So: 1.22 + 1.41 + 1.38 + 1.27 = 5.28

5.28 / 4 = 1.32

Round it off to only two significant figures, you would get: $1.30.