Question

In a book store, 40% of the items in stock are books, 20% are magazines, and 40% are stationary products. The average price for books is $25/item, the average price for magazines is $12/item, and the average price for stationary products is $5/item. What is the weighted mean price for the items in the book store? Estimate your answer to the nearest cent.

Answer 1

14??

Answer 2

Can you show me the math?

Answer 3

or at least explain it?

Answer 4

I just added the values and divided by number of items.

Answer 5

okay...thanks.

Answer 6

Welcome.