Mohan purchased 50 kg of wheat at the rate of Rs. 13.40 per kg and 40 kg of wheat at the rate of Rs. 16.75 per kg. He mixed the two and sold the mixture. Approximately at what price per kg should he sell the mixture to make 25% profit?
Solution
Correct Answer: Option A
C.P. of 50 kg of wheat @Rs. 13.4/kg = 50 × 13.4 = Rs. 670
C.P. of 40 kg of wheat @Rs. 16.75/kg = 40 × 16.75 = Rs. 670
Total C.P. of 90 kg of wheat = 670 + 670 = Rs. 1340
As per the given information, Mohan wants to earn a profit of 25%.
\(\therefore 25 = \frac{{{\rm{Total\;S}}.{\rm{P}}.{\rm{\;\;}} - {\rm{\;}}1340}}{{1340}}\; \times 100\)
⇒ Total S.P. = Rs. 1675
⇒ Selling price of 90 kg of wheat = Rs. 1675
⇒ Selling price of wheat per kg = 1675/90 = Rs. 18.61
Practice More Questions on Our App!
Download our app for free and access thousands of MCQ questions with detailed solutions