A merchant buys 20 kg of a variety of rice at rs. 14 per kg and another 40 kg of rice at rs. 10 per kg he mixes them and sells 1/3 of the mixture at rs. 12.50 per kg. at what rate should he sell the remaining mixture so as to earn a profit of 25% on the whole outlay
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Cost price of first 20kg of rice=20×14=280
Cost price of next 40kg of rice=40×10=400
Total cost price of (40+20)=60 kg of rice=400+280=680
Selling price of 1/3rd(1/3×60=20kg) of rice=20×12.5=250
Let the rate of the remaining mixture be Rs x per kg
As the picture attached above,
x=Rs 15 per kg
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