How do you do the average cost of 3 chairs. Their costs are $70, $90 and $100

Question

asked Jan 12, 2023 102k views

1 Answer

Qwerty Qwerty · Answer 1 · 2023-01-16T11:07:13+0000

The formula for calculating average is expressed as

average = sum of items/number of items

In this scenario, number of items = 3

sum of the costs = 70 + 90 + 100 = 260

Average cost = 260/3

average cost = $86.7