Question

two varieties of coffee costing $250 per kg and $75 per kg were mixed in the ratio 5:2 for a certain blend. if the mixture was sold at $230 per kg. find gain or loss %​

Answer 1

Answer:

83.57%

Step-by-step explanation:

Let the ratio be 5x and 2x

Therefore

cost of first variety = 5x*250= $1250

cost of second variety = 2*75 = $150

Cost  price of mixture = 1250+150

                                        = 1400

Selling price = $230

Therefore loss = 1400-230

                          = $1170

loss percentage = $\frac{loss}{CP}*100$

                           = $\frac{1170}{1400} * 100$

                           = 83.57%