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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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