Finding Prices / Charges Related to Buying and Selling
A grocer purc...
Question
A grocer purchased 80kg of sugar at Rs.13.50 per kg and mixed it with 120kg sugar at Rs. 16 per kg. At what rate should he sell the mixture (per kg) to gain 16%?
A
Rs. 15.30
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B
Rs. 19.18
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C
Rs. 17.40
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D
Rs. 18.66
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Solution
The correct option is C Rs. 17.40 Amount of sugar bought at 13.50 per kg =80 kg
Cost price of this set of sugar =80×13.5= Rs. 1080
Amount of sugar bought at 16 per kg =120 kg
Cost price of this set of sugar =120×16= Rs. 1920
Total cost price =1920+1080= Rs. 3000
Total weight of sugar =80+120=200 kg
∴ To gain 16% profit, Selling Price =116100×3000=3480