Finding Increase or Decrease Percentage in Situations
A producer of...
Question
A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5:3. If he sells the blended variety at Rs 21 per kg. then his gain percent is
A
12%
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B
13%
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C
14%
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D
15%
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E
None of these
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Solution
The correct option is B12% Let he took tea 5 kg and 3 kg respectively So, total cost of both variety of tea, =5∗18+3∗20 =90+60 = Rs. 150 Total Tea =5+3=8 kg SP for tea =21∗8= Rs. 168 Gain =168−150= Rs. 18 % gain =(18∗100)/150=12%