A trader purchases coffee at the rate of rs.350 per kg and mixes it with chicory bought at the rate of rs.70 per kg in the ratio of 5:2. if he sells the mixture at the rate of rs.300 per kg find his profit per cent
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The profit percentage is 11.11%
- The ratio of coffee and chicory in the mixture is 5:2.
- Let the amount of coffee mixed be x kg.
- Amount of chicory mixed would be 2x/5 kg.
- cost of x kg coffee is Rs 350x.
- Cost of 2x/5 kg chicory is Rs 28x.
- Total money spent on mixture is 350x+ 28x = 378x.
- Total weight of mixture = x+2x/5 = 7x/5 kg
- Price of mixture is 7x/5*300 = Rs 420x.
- Profit = 420x-378x = 42x.
- profit Percentage = (42x/378x )*100 = 11.11%
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