Explanation
The total value of each category of stock is found by multiplying its quantity by its average cost.
Value of Mobile Phones stock = 30 × 11,000 = 3,30,000 rupees
Value of Cameras stock = 54 × 12,000 = 6,48,000 rupees
Value of TVs stock = 65 × 58,000 = 37,70,000 rupees
Value of Refrigerators stock = 61 × 22,000 = 13,42,000 rupees
Value of ACs stock = 65 × 26,000 = 16,90,000 rupees
Summing these individual values gives the total stock value:
Total Value = 3,30,000 + 6,48,000 + 37,70,000 + 13,42,000 + 16,90,000 = 77,80,000 rupees
Since 1 lakh equals 1,00,000, we convert this total value into lakh rupees by dividing by 1,00,000:
Total Value in lakh rupees = 77,80,000 / 1,00,000 = 77.8 lakh rupees.