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Question
A shopkeeper bought 15 kg of rice at the rate of ₹29/kg and 25kg of another type of rice at the rate of ₹20/kg. If, he sells the mixture of both types of rice at the rate of ₹27/kg, find his profit.
A shopkeeper bought 15 kg of rice at the rate of ₹29/kg and 25kg of another type of rice at the rate of ₹20/kg. If, he sells the mixture of both types of rice at the rate of ₹27/kg, find his profit.
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Solution
The correct option is A ₹145
Total weight of two varieties of rice = 15 + 25 = 40 kg
Total cost price of 40 kg of rice =(15×29)+(25×20)
=₹(435+500)
=₹935
Selling price of 1 kg of mixed rice = ₹27
The total SP of 40 kgs of mixed rice =40×27=₹1080
Profit = Selling price - cost price
= 1080−935
= ₹145
₹145
Total weight of two varieties of rice = 15 + 25 = 40 kg
Total cost price of 40 kg of rice =(15×29)+(25×20)
=₹(435+500)
=₹935
Selling price of 1 kg of mixed rice = ₹27
The total SP of 40 kgs of mixed rice =40×27=₹1080
Profit = Selling price - cost price
= 1080−935
= ₹145
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