In what ratio must a grocer mix two varieties of sugar worth Rs60 per kg and and Rs.65 a kg so that by selling the mixture at Rs.68.20 per kg, he could gain 10%?
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Solution
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Gain = 10%
Selling price = Rs. 68.20 per kg
cost price = 68.20×100110=Rs62 per kg
The ratio in which th two varieties of sugar need to be mixed to get a cost price of Rs 62 per kg