A shopkeeper mixes two qualities of rice priced at Rs. 40/kg and Rs. 50/kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 20%? MCQ with Answer and Explanation
A shopkeeper mixes two qualities of rice priced at Rs. 40/kg and Rs. 50/kg in the ratio 3:2. At what price per kg should he sell the mixture to gain 20%?
A. Rs. 50.40
B. Rs. 52.80
C. Rs. 51.60
D. Rs. 54.00
Answer: Option B
Solution (By JKSSB Mock Tests)
Cost of 5kg mixture = (3 * 40) + (2 * 50) = 120 + 100 = 220. CP per kg = 220 / 5 = 44. To gain 20%, SP = 44 * 1.2 = Rs. 52.80.
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