Preston bought gasoline for his truck four times last month. He bought 74 litres at $1.25 per

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Preston bought gasoline for his truck four times last month. He bought 74 litres at $1.25 per litre, 45 litres at $1.32 per litre, 88 litres at $1.28 per litre, and 20 litres at $1.39 per litre.

a. What simple average price per litre did Preston pay for gasoline last month?

b. What weighted average price per litre did Preston pay for gasoline last month? Round to the cent..

c. Which averaging method is the better reflection of Preston's gasoline cost last month? Why?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 12, 2020 12:44 AM

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Preston bought gasoline for his truck four times last month. He bought 74 litres at $1.25 per

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a The simple average price per litre is b The weighted average price per litre c A wei...View the full answer

Fundamentals Of Business Mathematics In Canada

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