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A vendor mixed two varieties of rice costing ?60 per kg and ?45 per kg in the ratio 3 : 7. If he sells the mixed variety at ?65 per
kg, then what is his gain percentage? [Give your answer correct to two decimal places.]
31.31%
15.5%
49.5%
5.5%
- The vendor mixes rice in a 3:7 ratio of ?60 and ?45 kg varieties.
- Calculate the cost price of the mix:
- Cost of 1 kg of mixed rice = (3 * 60 + 7 * 45) / 10 = 48.5 per kg.
- The vendor sells the rice for ?65 per kg.
- Calculate the profit:
- Profit per kg = Selling price - Cost price = 65 - 48.5 = 16.5.
- Calculate the profit percentage:
- Profit % = (Profit per kg / Cost price) * 100 = (16.5 / 48.5) * 100 ˜ 34.02%.
- The correct profit percentage is not listed as an option.
- .
Since none of the options align, the closest logical calculation should be revised, and perhaps none of the options are accurate.
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