Question
Download Solution PDFSachin purchased two qualities of rice of equal quantity cost Rs. 100 per Kg and Rs. 150 per Kg. He blended them and sold the mixture at the rate of Rs. 120 per Kg. Find the net profit or loss percent.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFShort trick∶
Cost price of rice =
Required loss =
Detailed solution∶
Given:
Sachin purchased two qualities of rice of equal quantity cost Rs. 100 per Kg and Rs. 150 per Kg
And sold the mixture at the rate of Rs. 120 per Kg
Calculation:
Let the amount of rice of both qualities be 1 Kg
Total cost price of rice = (100 + 150) = Rs. 250
Since the total amount of rice = 2 Kg
So, the selling price of 2 Kg of rice = 120 × 2 = Rs. 240
Since, S.P < C.P
Loss = 250 - 240 = Rs. 10
So, loss% = (10 / 250) × 100 = 4%
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