Of the two varieties of rice available, variety A is bought at Rs.32 per kg and variety B at Rs.80 per kg. Two varieties of rice are mixed together in the respective ratio of 8:5 and the mixture is sold at Rs.72 per kg. What per cent of profit approximately the seller receives?
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Answer:
43%
Step - by - step Explanation:
Let 8 kg of of a first variety of rice and 5 kg of second varieties mixed.
Therefore, cost price of 13 kg of rice
= Rs. (8 × 32 + 5 × 80)
= Rs (256 + 400)
= Rs. 656
SP. of 13 kg of rice
= 72 × 13
= Rs. 936
Gain = 936 - 656 = Rs 280
Gain percent = 280/656 × 100
= 43%
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