An auto supplies company has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that the company sold last quarter in each city. Price ($) Sales (cases) 411 City Bakersfield Los Angeles Modesto Oakland Sacramento San Diego San Francisco San Jose 34.99 38.99 36.00 33.59 40.99 38.59 39.59 37.99 1,375 394 872 755 1,138 1,634 729 Compute the average sales price per case for this product during the last quarter. (Round your answer to two decimal places.) $ 33.75 X

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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An auto supplies company has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance,
the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that the company sold last quarter in each city.
Price ($) Sales (cases)
City
Bakersfield
Los Angeles
Modesto
Oakland
Sacramento
San Diego
San Francisco
San Jose
34.99
38.99
36.00
33.59
40.99
38.59
39.59
37.99
411
1,375
394
872
755
1,138
1,634
729
Compute the average sales price per case for this product during the last quarter. (Round your answer to two decimal places.)
$ 33.75
X
Transcribed Image Text:An auto supplies company has retail stores located in eight cities in California. The price they charge for a particular product in each city varies because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that the company sold last quarter in each city. Price ($) Sales (cases) City Bakersfield Los Angeles Modesto Oakland Sacramento San Diego San Francisco San Jose 34.99 38.99 36.00 33.59 40.99 38.59 39.59 37.99 411 1,375 394 872 755 1,138 1,634 729 Compute the average sales price per case for this product during the last quarter. (Round your answer to two decimal places.) $ 33.75 X
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