Akash bought two varieties of rice, costing Tk. 50/kg and Tk. 60/kg each, and mixed them in some ratio. Then he sold the mixture at Tk. 70/kg, making a profit of 20%. What was the ratio of the mixture?

Akash bought two varieties of rice, costing Tk. 50/kg and Tk. 60/kg each, and mixed them in some ratio. Then he sold the mixture at Tk. 70/kg, making a profit of 20%. What was the ratio of the mixture?

A 1:10

B 1:5

C 2:7

D 3:8

Solution

Correct Answer: Option B