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A manufacturer makes and sells 2 products, P and Q. The reve

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A manufacturer makes and sells 2 products, P and Q. The reve

by BTGmoderatorDC » Sat Jun 01, 2019 5:46 pm

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A manufacturer makes and sells 2 products, P and Q. The revenue from the sale of each unit of P is $20.00 and the revenue from the sale of each unit of Q is $17.00. Last year the manufacturer sold twice as many units of Q as P. What was the manufacturer's average (arithmetic mean) revenue per unit sold of these 2 products last year?

A. $28.50
B. $27.00
C. $19.00
D. $18.50
E. $18.00

OA E

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by swerve » Sun Jun 02, 2019 6:40 am
Revenue last year from the sale of \(P\) is \(20\cdot 1 = 20\)
Revenue last year from the sale of \(Q\) is \(17\cdot 2 = 34\)

Total Revenue from the sale of \(P\) and \(Q\) last year is 54.

Average Revenue from the sale of \(P\) and \(Q\) last year is \(\frac{54}{2+1}=18\)

Therefore, __E__ is the correct answer.
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