Question : Refer to the following data table and answer the question.
Quantity of stock | Average cost (Rs.) | |
Mobile Phones | 99 | 15000 |
Cameras | 53 | 13000 |
TVs | 29 | 59000 |
Refrigerators | 21 | 56000 |
AC's | 97 | 25000 |
What is the value of the total stock?(in lakh rupees)
Option 1: 748.6
Option 2: 74.86
Option 3: 81.97
Option 4: 299
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Correct Answer: 74.86
Solution :
According to the given data in the table,
Value of the total stock = Quantity of the stocks × Average cost
= (99 × 15000) + (53 × 13000) + (29 × 59000) + (21 × 56000) + (97 × 25000)
= 1485000 + 689000 + 1711000 + 1176000 + 2425000
= 74,86,000 = 74.86 lakhs
Hence, the correct answer is 74.86.
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