A rice trader sells one type of rice at Rs 2.70 per kg and loses 10%. He sells another type of rice at 4.5/kg and gains 1212%. His objective is to mix these two types and sell the mixture at 3.95/kg and get a profit of 25%. What should be the ratio of quantities of rice mixed?
84:16
This question can be solved using alligation. For alligation; remember to always consider the cost price only.
Selling Price (SP)
Cost Price (CP)
SP of rice 1 = 2.70/kg CP (rice 1) = 2.70.9 = 3/kg
SP of rice 2 = 4.5/kg CP (rice 2) = 4.51.125 = 4/kg
SP of mixture = 3.95/kg CP (mixture) = 3.951.25 = 3.16/kg
Required Ratio = 84:16