Question

Trader buy 70 kg of tea at rate of RS 200/kg the other at 30 kg at rate of RS 250/kg . He pays a sales tax 4% on transaction. He mixes both of them and sells the product at rate of RS 240/kg .what is the percentage gain or loss ?

Answer 1

This is ur answer. Hope u understood

Answer 2

Answer: There is profit % of 7.33%.

Step-by-step explanation:

Since we have given that

Cost of per kg of first type = Rs. 200

Quantity of first type = 70 kg

Cost of per kg of other type = Rs. 250

Quantity of other type = 30 kg

So, Total cost before tax would be

$70\times 200+30\times 250\\\\=14000+7500\\\\=Rs.\ 21500$

Rate of sales tax = 4%

So, Amount of tax would be

$0.04\times 21500\\\\=Rs.\ 860$

So, Cost after tax would be

$21500+860\\\\=Rs.\ 22360$

Selling price for per kg = RS. 240

Quantity = 70+30=100

So, Total selling price would be

$240\times 100\\\\=Rs.\ 24000$

Since, Selling price is more than cost price, so there will be profit.

$\dfrac{24000-22360}{22360}\times 100\\\\=\dfrac{1640}{22360}\times 100\\\\=7.33\%$

Hence, there is profit % of 7.33%.