Saleem bought 4 baskets with the average cost of $4. If Saleem also buys the fifth basket with the price of $ 8, what is the average (arithmetic mean) price of those 5 baskets?  Choose the correct choice from the following answers.
A) $4.50	B) $6.00	C) $4.00	D) $5.50	E) $4.80
4 baskets -&gt; Total cost = 4 * Avg cost = 4*4= 
<gadget id="calculator">4*4</gadget>
<output>16</output>
16   Fifth basket cost= 8   Total cost for 5 baskets = 16+8= 
<gadget id="calculator">16+8</gadget>
<output>24</output>
24   AM= 24/5= 
<gadget id="calculator">24/5</gadget>
<output>24/5 = around 4.8</output>
4.80   ANSW$4.80R:$4.80
<result>E</result>
Saleem bought 4 baskets with the average cost of $4. If Saleem also buys the fifth basket with the price of $ 8, what is the average (arithmetic mean) price of those 5 baskets?