Question

A shopkeeper bought 50 kgs of one variety of wheat at the rate of rupees 14.30 kg and 25 kg of another variety at the rate rupees 9.80 per kg he mixed and sold the mixture at rupees 14.40 cage find the profit or loss and profit and loss percent

Answer 1

Answer:

Profit = Rs. 120.00 and the profit percentage = 12.50 %.

Step-by-step explanation:

Cost of first  variety  of wheat = 50 kgs * Rs. 14.30 per kg = Rs. 715.00,

And, cost of second  variety  of wheat = 25 kgs * Rs. 9.80 per kg = Rs. 245.00,

Total weight of mixture = 50 + 25 = 75 kg.

Total cost of the mixture = Rs. 715.00 + 245.00 = Rs. 960.00.

Total selling price of mixture = 75 kg * Rs. 14.40 per kg = Rs. 1080.00.

Therefore, profit = Rs. 1080.00 - Rs. 960.00 = Rs. 120.00.

and the profit percentage = Rs. 120.00 / Rs. 960.00 * 100 = 12.50 %.