Please help. I am stuck and my text does not give an example for these. How do I solve this problem? Please include how to solve. Only solving the problem will not really help. thank you thank you!!
The average profit per unit for Product A is $5.51, Product B is $9.08, and Product C is $13.89. If the percentages of each sold are 29, 30, and 41 respectively, what is the weighted mean profit per unit?
2007-08-28 05:15:42 · 5 answers · asked by jane d 1 in Science & Mathematics ➔ Mathematics
The weights are the percentages sold, applied to the individual profits, so
.29A + .3B + .41C = mean profit/unit. Now quantify:
.29 x 5.51 + .3 x 9.08 + .41 x 13.89 = $10.02 ,
2007-08-28 05:26:05 · answer #1 · answered by John V 6 · 0⤊ 0⤋
Multiply the percentage for each by the average profit per unit.
In other words 5.51 X .29 + 9.08 X .30 + 13.89 X .41 is the weighted mean product. Multiply before you add.
2007-08-28 05:26:00 · answer #2 · answered by Skeptic 7 · 2⤊ 0⤋
How do you compute a grade point average if you have 4A's and 1 C? If A's are worth 4 and C's are worth 2, you multiple 4(4) + 1(2) = 18, then divide by the (4+1 = 5) grades, 18/5 = 3.6. The point is it's value times amount plus value times amount plus.... all divided by total amount. That's a weighted average.
So here,
[29%(5.51) + 30%(9.08) + 41%(13.89)]/100% = 10.0168, which rounds to $10.02.
2007-08-28 05:30:05 · answer #3 · answered by Philo 7 · 0⤊ 0⤋
29% * 5.51 +
30% * 9.08 +
41% * 13.89 = answer
*****
1.60 + 2.72 + 5.69 = $10.01
2007-08-28 05:24:30 · answer #4 · answered by Baccheus 7 · 1⤊ 0⤋
Answer:
= 0.29($5.51) + 0.3($9.08) + 0.41($13.89)
= $1.5979 + $2.724 + $5.6949
= $10.0168 or $10.01 17/25
2007-09-01 04:35:07 · answer #5 · answered by Jun Agruda 7 · 3⤊ 0⤋