Month Average Price per Dozen
April $1.26
May $1.20
June $1.08
The table above shows the average (arithmetic mean) price per dozen of the large grade A eggs sold in a certain store during three successive months. If as many dozen were sold in April as in May, and twice as many were sold in June as in April, what was the average price per dozen of the eggs sold over the three-month period?
(A) $1.08
(B) $1.10
(C) $1.14
(D) $1.16
(E) $1.18
OA answer is D
Any explanation on How??
Thanks,
SairAm GMAT
April, May and June Average
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Lets say that x dozen eggs were sold in April and May so June will have 2x dozen sold in it
Now avg = total money or earnings from all sales in all months / total dozen of eggs
sales for April month = x * 1.26
sales for May month = x * 1.20
sales for June month = 2x * 1.08
total sales = x(1.26 + 1.20 + 2.16) = 4.62x
total dozen of eggs = 4x
avg = 4.62x/4x = 1.155, which is approx = 1.16 (D)
Now avg = total money or earnings from all sales in all months / total dozen of eggs
sales for April month = x * 1.26
sales for May month = x * 1.20
sales for June month = 2x * 1.08
total sales = x(1.26 + 1.20 + 2.16) = 4.62x
total dozen of eggs = 4x
avg = 4.62x/4x = 1.155, which is approx = 1.16 (D)
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Price per dozen of the eggs sold over the three-month period = $1.26 + $1.20 + $2(1.08) = $4.62
Average price per dozen of the eggs sold over the three-month period = $4.62/4 = = $1.155 = $1.16
[spoiler]The correct answer is (D).[/spoiler]
Average price per dozen of the eggs sold over the three-month period = $4.62/4 = = $1.155 = $1.16
[spoiler]The correct answer is (D).[/spoiler]
Rahul Lakhani
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Quant Expert
Gurome, Inc.
https://www.GuroMe.com
On MBA sabbatical (at ISB) for 2011-12 - will stay active as time permits
1-800-566-4043 (USA)
+91-99201 32411 (India)