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On Tuesday, the Beef Market sold 400 pounds of prime rib steak at $9.98 per pound and 120 pounds of rib-eye steak at $6.49 per pound. What was the average cost in dollars per pound of the steaks sold on Tuesday

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abiolataiwo2015

The average cost in dollars per pound of the steaks sold on Tuesday is 9.17 per pound.

Average cost:

First step is to calculate the total cost for steaks

Total cost=400×$9.98 + 120×$6.49

Total cost=$4770.8

Second step is to calculate the total pound

Total pound=400 + 120

Total pound= 520

Third step is to calculate the average cost in dollars

Average cost=$4770.8 / 520

Average cost= 9.174615385

Average cost=9.17 per pound (Approximately)

Inconclusion the average cost in dollars per pound of the steaks sold on Tuesday is 9.17 per pound.

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