a merchant mixes two varieties of rice one costing 35 per kg and another at 45 per kg in the ratio of 3 : 2 if he sells the mixed variety at 41. 60 per kg find his gain percent
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a merchant mixes two varieties of rice one costing 35 per kg and another at 45 per kg in the ratio of 3 : 2 if he sells the mixed variety at 41. 60 per kg find his gain percent
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Answer:
Let quantity of one type of rice
= 3x
Let quantity of other type of rice be 2x
Then,
Total Cost price of rice CP
= 3x*35 + 2x*45
= 105x + 90x
= 195x
Selling price of rice
= 5x*41.60
= 208x
Therefore,
Gain % = [(SP - CP) / CP]*100
=[(208x - 195x)/195x]*100
= 1300/195
= 6.6 %
Step-by-step explanation:
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