Anil purchased 30 kg of wheat at the rate of Rs 22 per kg and 20 kg of wheat at the rate of Rs 24 per kg. He mixed the two. Approximately at what rate per kg should he sell the mixture to make 25% profit? Answer
Answers
Answer: The correct answer is Rs 28.5
Step-by-step explanation:
i) 30kg of wheat at the rate of Rs22 per kg
So,
Total price of 30kg of wheat = 22 x 30
= 660 Rs...(1)
ii)20kg of wheat at the rate of Rs24 per kg
So,
Total price of 20kg of wheat = 24 x 20
= 480 Rs…(2)
Therefore, from eq.(1) & eq.(2)—
Total price of 50kg of wheat = 660+480
= 1140 Rs
Selling price of 50kg wheat= 125% of 1140
[ 100%(Cost price) + 25%(Profit)]
Selling price of 50kg wheat=1140x(125/100
= 1425 Rs
Selling price of 1kg wheat = 1425/50
= 28.5 Rs
He should sell the mixture Rs 28.5 per kg
to make 25% profit.