Question
Download Solution PDFA shopkeeper purchases 20000 units of a product at ₹1 each, 15000 units at ₹1.15 each and 5000 units at ₹2 each. What is the weighted average price of one unit? (Correct to two decimal places)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
20000 units at Rs. 1 each,
15000 units at Rs. 1.15 each
And 5000 units at Rs. 2 each.
Concept used:
Weighted average price =
Calculations:
Weighted average
=
=
=
=
= Rs. 1.18125 ≈ Rs. 1.18
Hence, The Required weighted average price is Rs. 1.18.
Last updated on May 28, 2025
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