Question

a shopkeeper mixes two variants of rices in ratio 3:5. the first variety costs 56 per kg. while other costs 48 per kg. if the mixed rice is sold at price of 58.65 per kg. find the profit or loss incurred by shopkeeper

Answer 1

Answer:

Profit % of mix rice = (2.6/39)*100 = 6.6%

Step-by-step explanation:

we need to find the gain or loss percentage

Given:- A merchant mixes two varieties of rice, one costing ₹ 35 per kg and another at ₹ 45 per kg in 3 : 2 . He sells the mixed variety at ₹ 41.60 per kg.

Cost of total 5 Kg of rice mix  = 3 x 35 + 2 x 45

                                                   =105 + 90

                                                   = ₹ 195

Cost of 1 kg of mix rice = 195/5 = 39

Selling price of 1 kg mix rice = ₹ 41.60

Since, selling price  > cost price

⇒ profit =₹ 41.60 - ₹ 39 = ₹ 2.6

Profit % of mix rice = (2.6/39)*100 = 6.6%

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