Question

A mrchant offers a mixture of 24 kg of rice at Rs 16 per kg and 27 kg of rice of a different variety at Rs. 32 per kg for Rs 25 per kg. Calculate his profit percentage?​

Answer 1

SOLUTION

GIVEN

A merchant offers a mixture of 24 kg of rice at Rs 16 per kg and 27 kg of rice of a different variety at Rs. 32 per kg for Rs 25 per kg.

TO DETERMINE

Calculate his profit percentage

EVALUATION

Here it is given that the merchant mixes 24 kg of rice at Rs 16 per kg and 27 kg of rice of a different variety at Rs. 32 per kg

Cost price

= Rs ( 24 × 16 ) + Rs ( 27 × 32 )

= Rs 384 +864

= Rs 1248

Total mixture

= 24 + 27 kg

= 51 kg

Selling price

= Rs 51 × 25

= Rs 1275

Profit

= Rs 1275 - 1248

= Rs 27

Hence the required profit percentage

$= \sf \dfrac{27}{1248} \times 100\%$

= 2.16%

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