The cost of Type 1 rice is Rs. 15 per kg and Type 2 rice is Rs. 20 per kg. If both Type 1 and Type 2 are mixed in the ratio of 2 : 3, then the price per kg of the mixed variety of rice is:_______?
Q1. The cost of Type 1 rice is Rs. 15 per kg and Type 2 rice is Rs. 20 per kg. If both Type 1 and Type 2 are mixed in the ratio of 2 : 3, then the price per kg of the mixed variety of rice is:_______?
Answer: Rs. 18
Explanation: Weighted average = (2×15 + 3×20)/5 = (30+60)/5 = Rs.18 per kg.