A merchant buys 30 kg of rice at Rs 40/kg, and another 20 kg of rice at Rs 30/kg. He mixes them and sells half of the mixture at Rs. 36/kg. At what price should he sell the remaining mixture to get an overall profit of 30%?
Answers
Answer:
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your answer is here !
Step-by-step explanation:
=> Total cost for the entire quantity of rice = (30 × 40) + (20 × 30) = Rs. 1800.
=> If his profit is 30%,
then the sales realization = 1.3 1800 = Rs. 2340.
=> He sells 25 kg at Rs. 36/kg = Rs. 900.
=> Therefore to make the said amount of profit,
=> he should sell the remaining 25 kg of rice at Rs. 2340 – Rs. 900 = Rs.1440
=> ∴ The selling price of a kg of rice for the remaining 25 kg = 1440/25 = Rs. 57.6.
=> 57.6 is right answer. !
=> follow me. !
Total cost for the entire quantity of rice = (30 × 40) + (20 × 30) = Rs. 1800.
If his profit is 30%, then the sales realization = 1.3 1800 = Rs. 2340.
He sells 25 kg at Rs. 36/kg = Rs. 900. Therefore to make the said amount of profit, he should sell the remaining 25 kg of rice at Rs. 2340 – Rs. 900 = Rs.1440
∴ The selling price of a kg of rice for the remaining 25 kg = 1440/25 = Rs. 57.6.