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Coffee costing ₹250 per kg was mixed with chicory costing ₹75 per kg in the ratio 5:2 for a certain blend. If the mixture was sold at ₹230 per kg, find the gain or loss percent. Hint: let 5kg of coffee be mixed with 2kg of chicory. |
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Answer» Let us consider x as the common multiple Cost of 5kg of coffee= 5x = 5 × 250 = ₹1250 Cost of 2kg of coffee= 2x = 2 × 75 = ₹150 ∴ the cost of the mixture is 5x + 2x = 1250 + 150 7x = 1400 x = 1400/7 = 200 So, CP of mixture = 200 SP of mixture = 230 Since, SP is more than CP so it’s a gain. Gain = SP – CP = 230 – 200 = ₹30 Gain % = (Gain × 100) / CP = (30 × 100) / 200 = 15% ∴ The Gain percent is 15% |
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