Question
Download Solution PDFA bag contains 50 kg of pulses. There are three pulses, A, B, and C, mixed in it in the ratio of 4 : 3 : 3. The prices of pulses A, B, and C are ₹80 per kg, ₹60 per kg and ₹80 per kg respectively. What will be the average cost of 1 kg mixture of pulses
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Ratio of pulses A, B, and C = 4 ∶ 3 ∶ 3
Prices of pulses A, B, and C = ₹80 per kg, ₹60 per kg, and ₹80 per kg respectively
Concept:
The average cost of a mixture is the total cost of all components divided by the total quantity of all components.
Calculation:
⇒ Total cost = (4 × 80) + (3 × 60) + (3 × 80)
⇒ Total cost = 320 + 180 + 240 = 740
⇒ Total quantity = 4 + 3 + 3 = 10
⇒ Average cost = Total cost / Total quantity = 740 /10 = 74
Therefore, the average cost of the mixture is ₹74 per kg.
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