How much of high-grade coal priced at INR 600/kg should be mixed with 200 kg of ordinary coal, priced at INR 450/kg, so as to make a profit of 10%, by selling the
mixture at INR 550/kg?
Options
85 kg
250 kg
175 kg
100 kg
Answers
Answer:
250 is correct answer check
100 kg of high-grade coal should be mixed with 200 kg of ordinary coal, to make a profit of 10%, by selling the mixture at INR 550/kg
Given:
High-grade coal priced at INR 600/kg
Ordinary coal, priced at INR 450/kg,
The seller made a profit of 10% by selling the mixture at INR 550/kg
To find:
How much of high-grade coal should be mixed with 200 kg of ordinary coal, to make a profit of 10%, by selling the mixture at INR 550/kg
Solution:
Step 1 of 2:
Let, 'x' kgs of high grade coal required to be mixed with 200 kg of ordinary coal.
High-grade coal priced at INR 600/kg
Cost of high grade coal = 600x
Ordinary coal, priced at INR 450/kg,
Cost of ordinary coal = 450 × 200
Cost of ordinary coal = INR 90000
Total cost = 600x + 90000
Step 2 of 2:
The seller made a profit of 10% by selling the mixture at INR 550/kg
Selling price after 10% gain = × ( 600x + 90000 )
Selling price after 10% gain = 1.1 × ( 600x + 90000 )
Actual selling price = 550 × ( x + 200 )
Therefore,
550 × ( x + 200 ) = 1.1 × ( 600x + 90000 )
550x + 110000= 660x + 99000
110000 - 99000 = 660x - 550x
11000 = 110x
x =
x = 100 kg
Therefore,
100 kg of high-grade coal should be mixed with 200 kg of ordinary coal, to make a profit of 10%, by selling the mixture at INR 550/kg