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Question : The following table shows the quantity of stocks and their average cost. What is the value of the total stock?(in lakh rupees)

  Quantity of stock Average cost(Rs.)
Mobile phones 25 15000
Cameras 80 16000
TVs 54 55000
Refrigerators 41 27000
ACs 64 24000

Option 1: 264

Option 2: 137

Option 3: 72.68

Option 4: 726.8


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 72.68


Solution :

  Quantity of stock Average cost(Rs.)
Mobile phones 25 15000
Cameras 80 16000
TVs 54 55000
Refrigerators 41 27000
ACs 64 24000

Value of Total Stock $=25\times 15000 + 80\times 16000 + 54\times 55000 + 41\times 27000+64\times 24000$
= $375000 + 1280000 + 2970000 + 1107000 + 1536000$
= $7268000$
= $72.68$ lakhs
Hence, the correct answer is 72.68.

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