Question
The seller sold a total of 40 kg of rice bags,
comprising Basmati Rice and Brown Rice. The cost price of Basmati rice is Rs.72/kg, and that of Brown rice is Rs.84/kg. If the seller sold all the rice bags for Rs.3,816 and earned a profit of 20%, determine the quantity of Basmati rice bags sold.Solution
ATQ, Let, the quantity of Basmati rice bag and Brown rice bag sold be 'a' kg and 'b' kg, respectively. Total cost price of 40 kg Rice bags sold = (3816/1.2) = Rs.3,810 So, the per kg cost price of rice bag sold = (3810/40) = Rs.79.5 ATQ, [(72 × a + 84 × b) /(a + b) ] = 79.5 Or, 72a + 84b = 79.5 × (a + b) Or, 72a + 84b = 79.5a + 79.5b Or, 79.5a - 72a = 84b - 79.5b Or, 7.5a = 4.5b Or, b = (7.5a/4.5) Or, b = (7.5a/4.5) So, b = (5a/3) a + b = 40 Or, a + (5a/3) = 40 Or, 3a + 5a = 40 × 3 Or, 8a = 120 Or, a = (120/8) So, a = 15 So, the quantity of Basmati rice bag sold = a = 15kg
Section 6 of the Negotiable Instrument Act, refers to:
Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What i...
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
From the following information calculate interest to be paid:
Cash Price: Rs. 1,00,000
Down Payment: Rs. 10,000
Balance in 3 equal ...
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024–25. It purchased a new plant worth ₹1,000 lakh ...
As per Companies Act, 2013, what is the minimum number of board meetings a company must hold in a year?
Which of the following accounting convention states that‘Trivial transactions can be ignored’?
What is the taxable event under GST?
The most difficult type of misstatement to detect fraud is based on __________.
Which of the following is not a source of long-term finance?