A Federal Milk Order has the following class prices and milk utilization: Class I $19.57/Cwt. 25% Class II $15.52/Cwt. 10% Class III $18.10/Cwt. 40% Class IV $18.38/Cwt. 25% What is the weighted average price?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
ChapterCSR: Contents Of Student Resources
Section: Chapter Questions
Problem 7.30EP
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A Federal Milk Order has the following class prices and milk utilization:
Class I $19.57/Cwt. 25%
Class II $15.52/Cwt. 10%
Class III $18.10/Cwt. 40%
Class IV $18.38/Cwt. 25%
What is the weighted average price?
O $16.28
O $18.28
O $17.65
O $19.25
Transcribed Image Text:A Federal Milk Order has the following class prices and milk utilization: Class I $19.57/Cwt. 25% Class II $15.52/Cwt. 10% Class III $18.10/Cwt. 40% Class IV $18.38/Cwt. 25% What is the weighted average price? O $16.28 O $18.28 O $17.65 O $19.25
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