A producer blends two qualities of rice. One costing Rs. 12.50 per kg and the other costing Rs. 14 per kg in the ratio 4: 5. Find his profit percent if he sells the mixture at the rate of Rs. 16 per kg.
A
25%
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B
15%
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C
20%
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D
10%
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Solution
The correct option is D20% Let quantity of both rice are 4x and 5x
CP=12.50×4x+14×5x=120x SP=16×9x=144x Gain=SP−CP=144x−120x=24x Gain % = gainCP×100=24x120x×100=20%