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OpenStudy (anonymous):
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.
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OpenStudy (anonymous):
14??
OpenStudy (anonymous):
Can you show me the math?
OpenStudy (anonymous):
or at least explain it?
OpenStudy (anonymous):
I just added the values and divided by number of items.
OpenStudy (anonymous):
okay...thanks.
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OpenStudy (anonymous):
Welcome.
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