A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3:2. if he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is
A
48.4% gain
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B
48.4% loss
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C
10% gain
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D
10% loss
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Solution
The correct option is C10% gain Average CP of Mixed Tea when Mixed in Ratio 3:2 =40×3+50×23+2=2205=Rs.44 Wen SP=Rs. 48/kg =444×100=9.09≈10% gain