Question: If 5 kg of sugar costing $10 per kg is mixed with 3 kg of sugar costing $15 per kg, what is the average cost per kg of the mixture?
Options:
Correct Answer: $13.75
Solution:
Total cost = (5*10 + 3*15) = 50 + 45 = $95. Average cost = 95 / (5 + 3) = 95 / 8 = $11.875.