Weighted mean price of a book-weighted mean hourly wage

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1. The Bookstall, Inc., is a specialty bookstore concentrating on used books sold via the Internet. Paperbacks are $1.00 each, and hardcover books are $3.50. Of the 50 books sold last Tuesday morning, 40 were paperback and the rest were hardcover. What was the weighted mean price of a book?

2. The Loris Healthcare System employs 200 persons on the nursing staff. Fifty are nurse's aides, 50 are practical nurses, and 100 are registered nurses. Nurse's aides receive $8 an hour, practical nurses $15 an hour, and registered nurses $24 an hour. What is the weighted mean hourly wage?

Reference no: EM13767537

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