14. A trader bought two types of coffee, A and B at ? 2.50 and 3.50 per k.g. respectively.
He mixed them in the ratio of 3 : 2 and sold the mixture at 3.00 per k.g. Find his profit %
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Answer:
The profit percentage is 11.11%
Step-by-step explanation:
The ratio of coffee and chicory in the mixture is 5:2.
Let the amount of coffee mixed be x kg.
Amount of chicory mixed would be 2x/5 kg.
cost of x kg coffee is Rs 350x.
Cost of 2x/5 kg chicory is Rs 28x.
Total money spent on mixture is 350x+ 28x = 378x.
Total weight of mixture = x+2x/5 = 7x/5 kg
Price of mixture is 7x/5*300 = Rs 420x.
Profit = 420x-378x = 42x.
profit Percentage = (42x/378x )*100 = 11.11%
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