Hari bought 20 kg of rice at ₹ 36 per kg and 25 kg of rice at ₹32 per kg. He mixed the two varieties and sold the mixture at ₹ 38 per kg. Find his gain per cent in whole transaction.
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Answers
Required Answer:
◆ Calculating cost price:
In first part:
- Amount of rice → 20 kg
- Cost price of 1 kg of rice → ₹36
→ ₹ ( 36 × 20 )
→ ₹ 720
In second part:
- Amount of rice → 25 kg
- Cost price of 1 kg of rice → ₹32
→ ₹ ( 25 × 32 )
→ ₹ 800
Total cost price → ₹ (720 + 800)
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◆ Calculating selling price:
→ Since, he mixed the two varieties and sold the mixture. So,
- Total amount of rice = ( 20 + 25 ) kg
→ Total amount of rice = 45 kg
- Selling price of 1 kg of rice → ₹38
→ ₹ ( 45 × 38 )
→ ₹ 1710
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◆ Calculating gain:
- Gain = S.P – C.P
→ Gain = ₹ ( 1710 – 1520 )
→ Gain = ₹ 190
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◆ Calculating gain %:
We know that,
- Gain % = %
→ Gain % = %
→ Gain % = %
→ Gain % = %
→ Gain % = %
→ Gain % = %
→ Gain % = %
→ Gain % = %
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Question :-
- Hari bought 20 kg of rice at ₹ 36 per kg and 25 kg of rice at ₹32 per kg. He mixed the two varieties and sold the mixture at ₹ 38 per kg. Find his gain per cent in whole transaction.
Answer
Given :-
- Hari bought 20 kg of rice at ₹ 36 per kg and 25 kg of rice at ₹32 per kg. He mixed the two varieties and sold the mixture at ₹ 38 per kg.
To Find :-
- Gain %
Formula used :-
Gain = Selling Price - Cost Price
Solution :-
Cost Price of 20 kg of rice at ₹36 per kg = 20 × 36 = ₹720
Cost Price of 25 kg of rice at ₹32 per kg = 25 × 32 = ₹800
⇛ So, Cost Price of 45 kg of rice = 800 + 720 = ₹1520
Selling Price of 1 kg of rice = ₹ 38
⇛Selling price of 45 kg of rice = 45 × 38 = ₹ 1710
So, we concluded that
Selling Price > Cost Price
⇛ There is gain in this transaction.
⇛ Gain = Selling Price- Cost Price
⇛ Gain = 1710 - 1520 = ₹ 190
On substituting the values of gain and Cost Price, we get
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Some related formulae:
Gain = S.P – C.P
Loss = C.P – S.P