Question

the bookstall Inc is a specialty book store concentrating on used books sold via the internet.Paperbacks are $1.55 each and hard cover books are $4.85 of the 60 books sold last tuesday morning. 40 were paperback and the rest were hard cover . What was the weighted mean price of a book ? Round your answer to decimal places

Answer 1

$2.65

Explanation:

to get a weighted mean

divide the total revenue by the number of books

Revenue

(1.55 * 40) + (4.85 * 20)

$159

weighted mean

159/60

$2.65