A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. The sells the blended variety at Rs.21 per kg, then his gain percent is:
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Answer:
12%
Step-by-step explanation:
Let 'x' be the cost of the first variety of rice and 'y' the cost of the second one.
So, 5x + 3y = the cost of blended variety of rice for 8kg(5kg+3kg = 8kg).
We can take 5 and 3 as kg or any other unit as it does not matter (as it gets canceled)
Therefore, 5*18 + 3*20
= 90 + 60
= 150 ( Cost of 8kg blended rice )
The selling price of blended rice for 8kg = 21*8
= 168
Gain % = ((S.P. - C.P.)/C.P)*100
= (18/150)*100
= 0.12*100
= 12%
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