Answer:
Average price = $3.185
Step-by-step 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
