Question

Ramesh bought 16kg of rice at rupees 12/kg and 20kg of rice at rupees 15/kg. he mixed them and sold the mixture for rupees 20/kg.find his gains or loss percent in whole transaction .​

Answer 1

Answer:

16kg of rice cost=16*12=192

20kg if rice cost=20*15=300

CP=192+300=492

SP=12+15*20=27*20=540

profit=540-492=48

gain%=48/492*100=24/246*100=12/123*100=100/1.4=50/0.7=7.14