Ashok bought 16kg of wheat at the rate of rs 11.50 per kg and 14 kg wheat at rate of rs 14.50 per kg. he mixed the two and sold the mixture at the rate of 13.50 kg. what is his gain in the transaction ?
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Price of 16 kg wheat=
11.50*16=184
Price of 14 kg wheat=
14.5*14=203
Total weight of mixture =14+16=30kg
Total price of 30kg mixture =(203+184)
Price per kg=(203+184)/30
=12.9 Rs
Hence cost price of mixture =12.9 Rs kg
Selling price of mixture = Rs 13.5per kg
Hence SP>CP
THEREFORE it's profit
Profit(gain)=SP-CP
=Rs 13.5-12.9
=Rs0.6
11.50*16=184
Price of 14 kg wheat=
14.5*14=203
Total weight of mixture =14+16=30kg
Total price of 30kg mixture =(203+184)
Price per kg=(203+184)/30
=12.9 Rs
Hence cost price of mixture =12.9 Rs kg
Selling price of mixture = Rs 13.5per kg
Hence SP>CP
THEREFORE it's profit
Profit(gain)=SP-CP
=Rs 13.5-12.9
=Rs0.6
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