Find the average price of the rice mixture (in Rs.) if 3 kgs of rice at Rs.10/kg and 5 kgs at Rs.18/kg are mixed together.

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Solution

Solution - Average price = $\frac{p_{1} q_{1} + p_{2} q_{2}}{q_{1} + q_{2}}$

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Find the average price of the rice mixture (in Rs.) if 3 kgs of rice at Rs.10/kg and 5 kgs at Rs.18/kg are mixed together.

Solution - Average price = p1q1+p2q2q1+q2

Solution - Average price = $\frac{p_{1} q_{1} + p_{2} q_{2}}{q_{1} + q_{2}}$