Harish purchased 25 kg of rice at Rs 4 per kg and 35 kg of rice at Rs 4.50 per kg. he sold the mixture at Rs 4.25 per kg point find his gain or loss
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Answer:
Harish had a loss of Rs 2.5.
Step-by-step-explanation:
For first rice,
Rate of rice = Rs 4 per kg
Amount of rice purchased = 25 kg
∴ Cost of rice purchased = Rs 4 * 25
⇒ Cost of rice purchased = Rs 100
For second rice,
Rate of rice = Rs 4.50 per kg
Amount of rice purchased = 35 kg
∴ Cost of rice purchased = Rs 4.50 * 35
⇒ Cost of rice purchased = Rs 157.50
Total cost price of rice ( CP ) = Rs 100 + Rs 157.50
⇒ CP = Rs 257.50
Now,
Rate of selling rice = Rs 4.25 per kg
Amount of rice sold = 25 kg + 35 kg = 60 kg
∴ Total selling price of rice ( SP ) = 4..25 * 60
⇒ SP = Rs 255
Here,
CP > SP
∴ There was loss in the transaction.
Now,
Loss = CP - SP
⇒ Loss = 257.50 - 255
⇒ Loss = Rs 2.5
∴ Harish had a loss of Rs 2.5.
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