Question

Home Depot sells 250-foot spools of electrical wire for home improvement projects. Spools of solid Romex 12/2 indoor electrical wire manufactured by Southwire sell for $57.74, and spools of solid Romex 12/2 indoor electrical wire manufactured by SIM Technology sell for $61.88. Forty-seven 250-foot spools of solid Romex 12/2 indoor electrical wire were sold yesterday at the Bedford, Ohio Home Depot. Thirty-one of the spools sold were manufactured by SIM Technology and the rest were manufactured by Southwire. What was the weighted mean price of a 250-foot spool of solid Romex 12/2 indoor electrical wire sold at this Home Depot yesterday?

Report your final answer to 2 decimal places, using conventional rounding rules.

Answer 1