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No.of customer Average billed amount 300. 500 100. 600 100. 400 Calculate the unit price and unit cost from the above details of linkit grocery store.assume unit cost 40% of unit price

Posted by Divyansh Verma 9 months, 1 week ago

CBSE > Class 12 > Entrepreneurship

1 answers

Manav Sharma 8 months, 2 weeks ago

To calculate the unit price and unit cost, we first need to find the total billed amount and the total number of customers. Then, we can use these values to calculate the unit price and unit cost. Given data: - Number of customers = 5 - Total billed amount = 300 + 500 + 100 + 600 + 100 = 1600 Total billed amount = \(1600\) Now, let's calculate the unit price: Unit price = Total billed amount / Total number of customers Unit price = \( \frac{1600}{5} = 320 \) Now, let's calculate the unit cost, assuming the unit cost is 40% of the unit price: Unit cost = 40% of unit price Unit cost = 0.4 * 320 = 128 So, the unit price for Linkit Grocery Store is $320, and the unit cost is $128.

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