Last visit was: 25 Apr 2026, 21:26 It is currently 25 Apr 2026, 21:26
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 25 Apr 2026
Posts: 109,830
Own Kudos:
811,297
 [7]
Given Kudos: 105,886
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 109,830
Kudos: 811,297
 [7]
1
Kudos
Add Kudos
6
Bookmarks
Bookmark this Post
Most Helpful Reply
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 25 Apr 2026
Posts: 109,830
Own Kudos:
Given Kudos: 105,886
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 109,830
Kudos: 811,297
Kudos
Add Kudos
Bookmarks
Bookmark this Post
General Discussion
User avatar
paragw
Joined: 17 May 2024
Last visit: 22 Apr 2026
Posts: 189
Own Kudos:
Given Kudos: 38
Posts: 189
Kudos: 193
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
crimson_king
Joined: 21 Dec 2023
Last visit: 25 Apr 2026
Posts: 152
Own Kudos:
156
 [1]
Given Kudos: 113
GRE 1: Q170 V170
GRE 1: Q170 V170
Posts: 152
Kudos: 156
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
The last answer should be True.
Avg would be 1600+1260/(14+16)=2860/30=95.33
User avatar
paragw
Joined: 17 May 2024
Last visit: 22 Apr 2026
Posts: 189
Own Kudos:
Given Kudos: 38
Posts: 189
Kudos: 193
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Edited now, thanks for pointing out that mistake.
crimson_king
The last answer should be True.
Avg would be 1600+1260/(14+16)=2860/30=95.33
User avatar
iamchinu97
Joined: 14 Dec 2020
Last visit: 19 Apr 2026
Posts: 136
Own Kudos:
Given Kudos: 35
Products:
Posts: 136
Kudos: 145
Kudos
Add Kudos
Bookmarks
Bookmark this Post
hey bb is calculation for avg price as follows right:
1600+1260/(14+16)=2860/30=95.33
or do we need to use weighted average formula?
User avatar
bb
User avatar
Founder
Joined: 04 Dec 2002
Last visit: 25 Apr 2026
Posts: 43,159
Own Kudos:
Given Kudos: 24,681
Location: United States
GMAT 1: 750 Q49 V42
GPA: 3
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
GMAT 1: 750 Q49 V42
Posts: 43,159
Kudos: 83,727
Kudos
Add Kudos
Bookmarks
Bookmark this Post
iamchinu97
hey bb is calculation for avg price as follows right:
1600+1260/(14+16)=2860/30=95.33
or do we need to use weighted average formula?

I like Bunuel’s solution where he just calculates the prive for 14 and 16 separately.

But I think your calculation looks fine.
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 25 Apr 2026
Posts: 109,830
Own Kudos:
811,297
 [1]
Given Kudos: 105,886
Products:
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 109,830
Kudos: 811,297
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
iamchinu97
hey bb is calculation for avg price as follows right:
1600+1260/(14+16)=2860/30=95.33
or do we need to use weighted average formula?

Your calculation is correct because it is the weighted average formula.

For price per liter, the correct formula is:

(total price of all cobalt batches)/(total liters of all cobalt batches)

So the correct computation is:

(1600 + 1260)/(16 + 14) = 2860/30 = 95.33...

This already is the weighted average, since each batch’s price is weighted by its volume.
Moderators:
Math Expert
109830 posts
498 posts
212 posts