Mean Cost

Calculate the meancost per pound:

Purchase $ Per Pound # of Pounds
1 4.00 200
2 3.20 500
3 3.80 750
4 2.50 100
5 4.25 800

Please show me the calculation on how it is done. Thank you.

Mean cost per pound = Total cost (all purchases)/Total pounds (all purchases)

Cost per …

This solution calculates the mean cost per pound of five different purchases