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Business, 06.04.2021 15:40 zanestone12

A garments company wanted to procure some fabric for their new product. The desired quantity of the same fabric was available from 5 different sources at different rates. They bought 500 meters of the fabric from source A at Rs. 110 per meter, 600 meters from source B at Rs. 123 per meter, 350 meters from source C at Rs. 141 per meter, 440 meters from source D at Rs. 88 per meter and 900 meters from source E at Rs. 105 per meter. Find the average price per meter they paid for the fabric using weighted mean.

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