Question
A shopkeeper purchases rice of two varieties βAβ and
βBβ at Rs. 24 per kg and Rs. 18 per kg respectively. He mixes 1 kg of variety βAβ rice with 2 kg of variety βBβ rice and sells the mixture at Rs. 33 per kg. What is his profit percent?Solution
Cost price of 3 kg of the rice mixture = 24 + 18 Γ 2 = Rs. 60 Cost price of 1 kg of the rice mixture = 60 Γ· 3 = Rs. 20 So, profit percentage = (33 β 20) Γ· 20 Γ 100 = 65%
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