A trader mixes 36 kg of rice at Rs 35 per kg with 24 kg at Rs 31 per kg . At what price per kg must he sell the mixture so as to gain Rs 66 on his outlay ?
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Answer:
Rs34.50
Step-by-step explanation:
36 kg at RS35 per kilogram = 35*36
= RS1260
24 kg at RS31 per kilogram = 31*24
= RS744
total amount = RS1260 + RS744
= RS20004
total mass of the mixture = 24 + 36
=60kg
To get RS66 profit hence he/she would be =
=
=
=34.5
therefore he/she must sell the mixture at RS34.50 per kg
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