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A man purchased 7 bags of rice at the rate of ₹800 each, 8 bags of rice at ₹1000 each and 5 bags of rice at the rate of ₹1200 each. What is the average cost of one bag of rice ?
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- ₹1000
- ₹980
- ₹1120
- ₹1050
- ₹1000
Correct Option: B
According to question ,
| Average cost of 1 bag of rice = ₹ |  | 7 × 800 + 8 × 1000 + 5 × 1200 |  | 7 + 8 + 5 |
| Average cost of 1 bag of rice = ₹ | | 5600 + 8000 + 6000 | | 20 |
| Average cost of 1 bag of rice = | 19600 | = ₹980 |
| 20 |
