The price for a loaf of bread in April was $1.20, in May the price was $1.27, 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 option:
A) $1.18	B) $1.17	C) $1.16	D) $1.15	E) $1.14
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)(120) + 127x + (4x/3)(108) / (2x/3 + x + 4x/3) =   (80 + 127 + 144) / (3) = 351/3 = $1.17   The answer is $1.17.
<result>B</result>
The price for a loaf of bread in April was $1.20, in May the price was $1.27, 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?