A shopkeeper sells each pen for ₹ 12 , each notebook for ₹ 25 and each notebook cover for ₹ 8 . If he sells 5

Question

A shopkeeper sells each pen for ₹ 12 , each notebook for ₹ 25 and each notebook cover for ₹ 8 . If he sells 5 pens, 8 notebooks and 16 notebook covers, what will be the average price (in ₹) per item (rounded off to two decimal places)?

Accepted Answer

First, find the total revenue from selling all items:Cost of

5

pens =

5 \times 12 = ₹60

Cost of

8

notebooks =

8 \times 25 = ₹200

Cost of

16

notebook covers =

16 \times 8 = ₹128

$

Total Cost = 60 + 200 + 128 = ₹388

N e x t, f in d t h e t o t a l n u mb ero f i t e m sso l d :

Total items = 5 + 8 + 16 = 29 items

N o w, co m p u t e t h e a v er a g e p r i ce p er i t e m :

Average Price = \frac{Total Cost}{Total items} = \frac{388}{29} \approx 13.3793 ₹

R o u n d in g o ff t o tw o d ec ima lpl a ces g i v es ₹

13.38$.

A shopkeeper sells each pen for ₹ $12$ , each notebook for ₹ $25$ and each notebook cover for ₹ $8$ . If he sells $5$ pens, $8$ notebooks and $16$ notebook covers, what will be the average price (in ₹) per item (rounded off to two decimal places)?

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A shopkeeper sells each pen for ₹12, each notebook for ₹25 and each notebook cover for ₹8. If he sells 5 pens, 8 notebooks and 16 notebook covers, what will be the average price (in ₹) per item (rounded off to two decimal places)?