Question
Download Solution PDFJohn buys 20 kg of wheat at ₹30 per kg and 30 kg of wheat at ₹50 per kg. Find his average price.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
John buys 20 kg of wheat at ₹30 per kg and 30 kg of wheat at ₹50 per kg.
Formula used:
Average Price = \(\dfrac{\text{Total Cost}}{\text{Total Quantity}}\)
Calculation:
Total Cost = (20 × 30) + (30 × 50)
⇒ Total Cost = 600 + 1500
⇒ Total Cost = 2100
Total Quantity = 20 + 30
⇒ Total Quantity = 50
Average Price = \(\dfrac{2100}{50}\)
⇒ Average Price = 42
∴ The correct answer is option (3).
Last updated on Jun 3, 2025
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