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Camping World is an American corporation specializing in selling recreational vehicles, recreational vehicle parts, and recreational vehicle...

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Finance

Camping World is an American corporation specializingin selling recreational vehicles, recreational vehicle parts, andrecreational vehicle service. They also sell supplies for camping.The company has its headquarters in Lincolnshire, Illinois. Due todiffering competitive conditions, the price that CampingWorld charges for their products varies in each city. Theprice they charge for a particular sleeping bag in each city (indollars) is provided in the table below, along with the number ofsleeping bags that Camping World sold last quarter in eachcity.

City

Price ($)

Number Sold

Myrtle Beach

46.99

609

Savannah

38.97

814

Little Rock

34.95

742

Cleveland

40.89

1150

Pittsburgh

54.98

925

Harrisburg

39.99

525

Charleston

47.57

464

Cincinnati

50.88

811

Calculate the average selling price per sleeping bag during thelast quarter. (round your answer to 2 decimal places,using conventional rounding rules)

ANSWER: $  per sleeping bag

Answer & Explanation Solved by verified expert
4.4 Ratings (719 Votes)

Answer is $ 44.45. (268482/6040).

Workings below

City Price ($) Number Sold Product (price * qty)
Myrtle Beach 46.99 609                              28,617
Savannah 38.97 814                              31,722
Little Rock 34.95 742                              25,933
Cleveland 40.89 1150                              47,024
Pittsburgh 54.98 925                              50,857
Harrisburg 39.99 525                              20,995
Charleston 47.57 464                              22,072
Cincinnati 50.88 811                              41,264
Total 6040                            268,482
Average selling price                                 44.45

Trust this helps. Please upvote incase it does. Thanks
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