Alok bought 25 kg of rice at the rate of rs 6 per kg and 35 kg of rice at the rate of rs 7 per kg . He mixed the two and sold the mixture at the rate of rs 6.75 per kg .What was his gain or loss
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He is gain of ₹10because when we add
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Answer:
His gain is 2.53 %.
Step-by-step explanation:
Given: Rate of 25 kg rice = Rs. 6 per kg
Rate of 35 kg rice = Rs. 7 per kg
Sold at rate = Rs. 6.75 per kg
To find: Over all gain or loss
Total Weight = 25 + 35 = 60 kg
Total Cost Price = 25 × 6 + 35 × 7
= 150 + 245
= Rs. 395
Total Selling Price = 60 × 6.75 = Rs. 405
Selling Price > Cost Price
There is profit in transaction,
Profit amount = Selling Price - Cost Price
= 405 - 395 = Rs. 10
Profit % =
=
Therefore, His gain is 2.53 %.
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