A rice trader mixes 40 kg of rice with a price of Rs. His goal is to get a 20% return on his investment. If so, how much does each kilogram of mixed rice cost?
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Step-by-step explanation:
c.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.
S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.
Gain = 80 x 100 % = 5%.
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