A man buys 50 kg of oil at Rs.10 per kilogram and another 40 kg of oil at Rs.12 kilogram and mixes them. He sells the mixture at the rate of ‘ Rs.11 per kilogram. What will be his gain percent if he is able to sell the whole lot?
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Answered by
2
I think 9.8% will be his gain
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14
Answer:
Step-by-step explanation:
The total buying price is :
50 × 10 = 500
40 × 12 = 480
Total = 480 + 500 = 980
The total amount of oil = 40 + 50 = 90kg
The selling price = 90 × 11 = 990
Profit = 990 - 980 = 10
The percentage gain :
10/980 × 100% = 1.020%
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