Question

A dealer bought 25 kg of rice at the rate of rs 6 per kg and 35 kg of rice at the rate of rs 7 per kg . He mixed the two and sold the mixture at the rate of rs 6.75 per kg . What was his gain /loss in this transaction.?​

Answer 1

Answer:

Step-by-step explanation:

1) Cost of 25 kg rice @ 6 Rs per kg= 25*6=150 Rs

2) Cost price of 35.kg rice @7 Rs per kg= 35*7=245 Rs

3) Total cost price of (25+35)60 kg rice =245 rs+150 rs=395 rs

4) Selling price of 60 kg(25+35) rice @ 6.75 Rs per kg= 60*6.75= 405 Rs

5) Thus Selling price is more than the Cost price, so he is having a profit of (405-395) Rs = 10 Rs

6) He has profit of 10 Rs.