The ratio of market prices of wheat and paddy is 2:3 and the ratio of quantities consumed in a family is 5:4.Find the ratio of expenditure of wheat and paddy6 : 55 : 61 : 18 : 15
Question
The ratio of market prices of wheat and paddy is 2:3 and the ratio of quantities consumed in a family is 5:4.Find the ratio of expenditure of wheat and paddy6 : 55 : 61 : 18 : 15
Solution
The ratio of the market prices of wheat and paddy is 2:3. This means that for every 2 units of currency spent on wheat, 3 units of currency are spent on paddy.
The ratio of quantities consumed in a family is 5:4. This means that for every 5 units of wheat consumed, 4 units of paddy are consumed.
To find the ratio of expenditure on wheat and paddy, we multiply the ratio of prices by the ratio of quantities consumed.
For wheat: 2 (price ratio) * 5 (quantity ratio) = 10 For paddy: 3 (price ratio) * 4 (quantity ratio) = 12
So, the ratio of expenditure on wheat and paddy is 10:12, which simplifies to 5:6.
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