A shopkeeper sells pens for ₹12 each, notebooks for ₹25 each, and notebook covers for ₹8 each. What is the average price per item (in ₹) if he sells 5 pens, 8 notebooks, and 16 notebook covers (rounded off to two decimal places)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 13.38.
Total revenue from each item:
Pens = 5 × 12 = 60
Notebooks = 8 × 25 = 200
Notebook covers = 16 × 8 = 128
Total items sold = 5 + 8 + 16 = 29
Total revenue = 60 + 200 + 128 = 388
Average price per item = 388/29 ≈ 13.38