The selling price of the two different types of rice is Rs. 24 and Rs. 40 per kg. If both the different types of rice are mixed together are in a ratio of 5 ∶ 3, what is the price of the mixed variety of rice per kg?
The selling price of the two different types of rice is Rs. 24 and Rs. 40 per kg. If both the different types of rice are mixed together are in a ratio of 5 ∶ 3, what is the price of the mixed variety of rice per kg? Correct Answer Rs. 30/kg
Given:
Selling price of the first variety of rice = Rs. 24/kg
Selling price of the second variety of rice = Rs. 40/kg
Concept:
Total value of rice = Rate × Quantity
Calculation:
Let the quantities in which different types of rice are mixed be 5x and 3x respectively
Total value of Rs. 24/kg rice = 24 × 5x = 120x
Total value of Rs. 40/kg rice = 40 × 3x = 120x
Total value of both types of rice = 120x + 120x = 240x
Total quantities of both types of rice = 5x + 3x = 8x
Price per kg of the mixed type of rice = Rs. 240x/8x = Rs. 30
∴ Price of the mixed variety of rice per kg is Rs. 30/kg
Let, the selling price of the mixed variety of rice = Rs. x
According to the questions,
⇒ (40 − x) ∶ (x − 24) = 5 ∶ 3
⇒ 120 – 3x = 5x – 120
⇒ 240 = 8x
⇒ x = 30
∴ Price of the mixed variety of rice per kg is Rs. 30/kg