Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

If a shopkeeper mixed two goods priced at ₹40 and ₹20 respectively and their mean price is ₹25. The ratio in which they are mixed is :

Options:

3 : 2

2 : 3

3 : 1

1 : 3

Correct Answer:

1 : 3

Explanation:

The correct answer is Option (4) → 1 : 3

Using weighted average formula,

$\text{Mean Price}=\frac{∑(\text{Quantity×Price})}{∑\text{Quantity}}$

let the quantities of the two goods priced at Rs. 40 and Rs. 20 be x and y.

$⇒\frac{40x+20y}{x+y}=25$

$⇒40x+20y=25x+25y$

$⇒15x=5y$

$⇒\frac{x}{y}=\frac{1}{3}$