The price for a loaf of bread in April was $1.17, in May the price was $1.32, and in June the price was $1.08. If 2/3 as much bread was sold in April as in May, and twice as much was sold in June as in April, what was the average price for a loaf of bread sold during the three-month period? Choose the correct choice from the following answers:
A) $1.16
B) $1.17
C) $1.18
D) $1.19
E) $1.20
Let x be the number of loaves sold in May.   Then 2x/3 loaves were sold in April and 4x/3 loaves were sold in June.   The average price was (2x/3)(117) + 132x + (4x/3)(108) / (2x/3 + x + 4x/3) =   (78 + 132 + 144) / (3) = 354/3 = $1.18   The answer is $1.18.
<result>C</result>
The price for a loaf of bread in April was $1.17, in May the price was $1.32, and in June the price was $1.08. If 2/3 as much bread was sold in April as in May, and twice as much was sold in June as in April, what was the average price for a loaf of bread sold during the three-month period?