Find the Midrange for the Given Sample Data $$\$ 476\quad \$ 477 \quad\$ 645 \quad\$ 334 \quad\$ 667 \quad\$ 237$$

question 113

Multiple Choice

Find the midrange for the given sample data.
-Compute the variance. To get the best deal on a microwave oven, Jeremy called six appliance stores and asked the cost of a specific model. The prices he was quoted are listed below: $$\$ 476\quad \$ 477 \quad\$ 645 \quad\$ 334 \quad\$ 667 \quad\$ 237$$

• A)40,214.5
• B)28,452.3
• C)23,710.2
• D)28,452.2

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Definitions:

Invoice

A notice from the seller to the buyer, detailing the items, their quantities, and the prices settled upon for the goods or services supplied.

Payments

Transactions by individuals or entities to transfer money in exchange for goods or services.

Overhead Expenses

The ongoing expenses associated with running a business that are not directly tied to the production of goods or services.

Mark-up

An extra charge applied to the base cost of products to accommodate for overheads and earnings, culminating in the final asking price.