Task one

John works in a factory that makes mountain bikes. In June, 100 bicycles are made at a cost of $100.00 per bicycle. In July, another 100 bicycles are made at a cost of $110.00 per bicycle. In August, 150 bicycles are made at a cost of $120.00 per bicycle.

In September, John wants to sell 100 bicycles at an average cost.

1. What is the average cost of each bicycle and the total sale amount (if he were to sell at cost price)? Please show how you calculated your answer.

2. What is the value of the remaining stock at the average cost? Please show how you calculated your answer.

3. How do you calculate the average cost of a product?

Task one

John works in a factory that makes mountain bikes. In June, 100 bicycles are made at a cost of $100.00 per bicycle. In July, another 100 bicycles are made at a cost of $110.00 per bicycle. In August, 150 bicycles are made at a cost of $120.00 per bicycle.

In September, John wants to sell 100 bicycles at an average cost.

1. What is the average cost of each bicycle and the total sale amount (if he were to sell at cost price)? Please show how you calculated your answer.

2. What is the value of the remaining stock at the average cost? Please show how you calculated your answer.

3. How do you calculate the average cost of a product?