A grocer puchase 80kg of rice at Rs27 per kg and mixed it with 120kg of rice purchased at Rs 32
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Question: A grocer purchased 80 kg of rice at Rs 27 per kg and mixed it with 120 kg of rice at Rs 32 per kg . At what rate per kg should he sell the mixture to gain 16%.
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Answer:
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He purchased first type of rice 80 kg at Rs. 27 per kg
Therefore the cost price of 80 kg rice = Rs. 27*80 = Rs. 2160
He purchased 2nd type of rice 120 kg at Rs. 32 per kg
The cost price of 120 kg rice = Rs. 120*32 = Rs.3840
Total quantity of rice = 80+120 = 200 kg
Total cost price of 120 kg rice = Rs. 2160+3840 = Rs. 6000
% gain = 16%
Total gain = (cost price * %gain)/100
= Rs. 6000*16/100= Rs. 960
Selling price = cost price +gain
= 6000+960
=Rs. 6960
Selling price of 200 kg = Rs. 6960
Selling price of 1 kg = Rs. 6960/200 = Rs. 34.80
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Answer:
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He purchased first type of rice 80 kg at Rs. 27 per kg
Therefore the cost price of 80 kg rice = Rs. 27*80 = Rs. 2160
He purchased 2nd type of rice 120 kg at Rs. 32 per kg
The cost price of 120 kg rice = Rs. 120*32 = Rs.3840
Total quantity of rice = 80+120 = 200 kg
Total cost price of 120 kg rice = Rs. 2160+3840 = Rs. 6000
% gain = 16%
Total gain = (cost price * %gain)/100
= Rs. 6000*16/100= Rs. 960
Selling price = cost price +gain
= 6000+960
=Rs. 6960
Selling price of 200 kg = Rs. 6960
Selling price of 1 kg = Rs. 6960/200 = Rs. 34.80
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