Hari bought 20 kg of rice at Rs 18 per kg and 25 kg of rice at Rs 16 per kg. He mixed the two varieties and sold the mixture at Rs 19 per kg. Find his gain percent in the whole transaction.
According to the question, we have
Cost for 20 kg of rice @ Rs. 18 per kg =20×18=Rs. 360
Cost for 25 kg of rice @ Rs. 16 per kg =25×16=Rs. 400
Total CP =360+400=Rs. 760
Also, total quantity of rice =20+25=45 kg
Selling price of rice =Rs. 19 per kg
∴ SP =45×19=Rs. 855
Since SP>CP, there is a gain.
Now, Gain =855−760=Rs. 95
Gain %=GainCP×100%
=95760×100%=252
=1212%