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The banquet manager at the Stamford Grand Hotel found that for a recent lunchtime function, 7 bottles of unwooded Chardonnay, 9 bottles of Shiraz and
The banquet manager at the Stamford Grand Hotel found that for a recent lunchtime function, 7 bottles of unwooded Chardonnay, 9 bottles of Shiraz and 6 bottles of Cabernet Sauvignon were consumed. If each bottle of wine costs $24.69, $24.47 and $26.67 respectively, determine the weighted average cost per bottle ($/bottle) for the Hotel. Give your answer correct to two decimal places
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