Explanation
The total value of the stock is the sum of the values of each individual category. The value for each category is determined by multiplying its quantity of stock by its average cost:
Mobile Phones: 44 × 12000 = 5,28,000 rupees
Cameras: 75 × 14000 = 10,50,000 rupees
Tvs: 55 × 56000 = 30,80,000 rupees
Refrigerators: 29 × 53000 = 15,37,000 rupees
ACs: 77 × 26000 = 20,02,000 rupees
Adding these values together gives the total value of all the stock:
5,28,000 + 10,50,000 + 30,80,000 + 15,37,000 + 20,02,000 = 81,97,000 rupees
Since 1 lakh rupees equals 1,00,000 rupees, dividing the total value by 1,00,000 converts it into lakh rupees:
81,97,000 ÷ 1,00,000 = 81.97 lakh rupees