A company budgets to achieve equal total sales revenue from each of its three
products. The unit selling prices of the products are Rs 15, Rs 16 and Rs24
respectively. What is the budgeted mean selling price per unit?
the answer is 17.56 i need the explanation
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Answer:
the budgeted mean selling price per unit= 18.33
Step-by-step explanation:
mean = sum of all observations/ number of observations
given observations are:
15, 16, 24
sum of observations = 15+16+24=55
no of observations= 3
mean = sum of all observations/ number of observations
= 55/3
= 18.33 (approximately)
the budgeted mean selling price per unit= 18.33
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