Question
22 kg of rice ‘A is purchased for Rs 5/kg
while 16 kg of rice ‘B’ is purchased for Rs 7/kg. If the mixture of the both types of rice is sold at Rs 8/kg, then find the profit/loss incurred to the seller.Solution
Total cost price = 22 × 5 + 16 × 7 = Rs. 222
Total selling price = (22 + 16) × 8 = Rs. 304
Profit earned = 304 – 222 = Rs. 82