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 .
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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
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