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The Bookstall Inc. is a specialty bookstore concentrating on used books sold via the Internet. Paperbacks are $1.00 each, and hardcover books are $3.50. Of the 50 books sold last Tuesday morning, 40 were paperback and the rest were hardcover. What was the weighted mean price of a book?

Respuesta :

Answer:

Weighted mean price of  books is $ 1.50 per book

Explanation:

                                                                                              Sales Value

Total books sold  :                                 50 books

Paperbacks sold  :        40 books @ $ 1 per book                  $ 40

Hardcovers sold            10 books @ $ 3.50 per book            $ 35

Total Sales value                                                                       $ 75

No of books sold                                                                        50 books

To get the weighted mean price of books, we divide the total sales value by the number of books sold.

$ 75/ 50 books = $ 1.50

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