Question : Refer to the following data table and answer the question.
| Quantity of stock | Average cost (Rs.) | |
| Mobile phones | 44 | 12,000 |
| Cameras | 75 | 14,000 |
| TVs | 55 | 56,000 |
| Refrigerators | 29 | 53,000 |
| AC's | 77 | 26,000 |
What is the value of the total stock (in lakh rupees)?
Option 1: 81.97
Option 2: 819.7
Option 3: 161
Option 4: 280
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Correct Answer: 81.97
Solution :
From the given table,
The total stock = Quantity of stocks × Average cost
= (44 × 12000) + (75 × 14000) + (55 × 56000) + (29 × 53000) + (77 × 26000)
= 81,97,000 = 81.97 lakhs
Hence, the correct answer is 81.97.
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