a shopkeeper mixes two variants of wheats in the ratio of 3 : 1 . the first variety cost of 24 kg while other cost 32 per kg if the mixture of wheat is sold at a price of 20.8 per kg find the profit or loss
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Answer:
Loss of $5.20
Step-by-step explanation:
Ratio of wheat types added= 3:1
Cost of first wheat type (per KG) : $24
Cost of second type of wheat (per KG) : $32
Cost of raw ingredients in ratio (if 1 unit is 1 KG) = $24 x 3 + $32 x 1
= $72 + $32 = $104 per 4 KG (as in the Ratio 1 + 3 = 4 KG)
So, the right cost for 1 KG Wheat Mixture = $104/4 = $26
Since the shopkeeper is selling the Wheat Mixture at $20.80 per KG, he is running at a loss of $26 - 20.80 = $5.20
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