Problem Price and inflation statistics

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Uploaded: 12.10.2023
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Problem Price and inflation statistics


The following data are available on prices and the share of sales of product A in city markets in August of the reference year

Market number Price per 1 kg. Share of sales of product A,
1 7.0 35
2 9.0 40
3 11.8 25

Determine the average price of 1 kg of product a in August of the reference year

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