Refer the below data table and answer the following Question.
Quantity of stock Average Cost (Rs)
Mobile Phones 88
Cameras 69
TVs 20
Refrigerators 82
ACs 99
What is the value of the total stock (in lakh rupees)?
- A678
- B114
- C67.8
- D358
Solution & Step-by-step Explanation
To find the total value of stock, we find the sum of products of Quantity and Average Cost for each item:
Mobile Phones: 88×12000=Rs 1,056,000
Cameras: 69×9000=Rs 621,000
TVs: 20×47000=Rs 940,000
Refrigerators: 82×23000=Rs 1,886,000
ACs: 99×23000=Rs 2,277,000
Now, sum these individual totals up:
Total Value=1056000+621000+94000+1886000+2277000
Total Value=Rs 6,780,000
Since 1 Lakh=100,000:
Value in Lakhs=
100000
6780000
=67.8 lakhs
Mobile Phones: 88×12000=Rs 1,056,000
Cameras: 69×9000=Rs 621,000
TVs: 20×47000=Rs 940,000
Refrigerators: 82×23000=Rs 1,886,000
ACs: 99×23000=Rs 2,277,000
Now, sum these individual totals up:
Total Value=1056000+621000+94000+1886000+2277000
Total Value=Rs 6,780,000
Since 1 Lakh=100,000:
Value in Lakhs=
100000
6780000
=67.8 lakhs