Question

What is the average price of an item sold considering quantity? 12 notepads at $4.20 25 folders at $0.80 3 calculators at $19.00

Answer 1

Average price = $3.185

Explanation:

Given:

12 notepads = $4.20 each

25 folders = $0.80 each

3 calculators = $19.00 each

Find:

Average price

Computation:

Average price = Total cost / Total number of item

Average price = [(12)(4.20) + (25)(0.80) + (3)(19)] / [12 + 25 + 3]

Average price = [(50.4) + (20) + (57)] / [40]

Average price = [127.4] / [40]

Average price = $3.185