Calculate weighted mean by weighting each price by the quantity consumed:
Food Items |
Quantity consumed (in kgs.) |
Price in Rs. (per kg.) |
Flour Ghee Sugar Potato Oil |
500 200 30 15 40 |
1.25 20.00 4.50 0.50 5.50 |
Food Items |
Quantity consumed (W) |
Price in Rs. (per kg.) (X) |
WX |
Flour Ghee Sugar Potato Oil |
500 200 30 15 40 |
1.25 20.00 4.50 0.50 5.50 |
625.00 4000.00 135.00 7.50 220.00 |
Σ W = 785 |
Σ WX = 4987.50 |