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Average Price

Categories: Metrics, Accounting

Want to know the average price you’ve paid for groceries in the past year? To get the average price of anything, you’ll add up all the prices you’ve paid, and divide the result by the number of prices included in the set. In this case, you’ll add up all your receipts and divide by the number of receipts you have. And voila...you have the average price you’ve paid for yummies. Nifty.



Find other enlightening terms in Shmoop Finance Genius Bar(f)