1
1
Two types of rice (type 1 and type 2) were mixed in the respective ratio of 1 : 3. The mixture was then sold @ 75.60 per kg to gain a profit of 20%. If the price of type 1 rice is Rs. 75 per kg, what is the price of type 2 price per kg?
Two types of rice (type 1 and type 2) were mixed in the respective ratio of 1 : 3. The mixture was then sold @ 75.60 per kg to gain a profit of 20%. If the price of type 1 rice is Rs. 75 per kg, what is the price of type 2 price per kg?
1). Rs. 55
2). Rs. 53
3). Rs. 59
4). Rs. 57
This Question has 1 answers.
Solution
Profit = 0.2 CP
Profit = SP - CP
1.2CP = SP
Hence, CP = (SP/1.2) = 75.6/1.2 = 63
Now, let the cost of type 1 rice is T1 and cost of type 2 be T2.
63 = $\frac{T1 + 3T2}{4}$
= (75 + 3*x)/4
x = 59
Therefore, cost of type 2 price is 59.
Similar Questions
- There are three taps A, B and C in a tank. They can fill the tank in 25 hrs, 20 hrs and 10 hrs respectively. At first all of them are opened simultaneously. Then after 1 hrs, tap C is closed and tap A and B are kept running. After the 4th hour, tap B is a
- In an alloy, zinc and copper are in the ratio 1 : 2. In the second alloy, the same elements are in the ratio 2 : 3. If these two alloys be mixed to form a new alloy in which two elements are in the ratio 5:8, the ratio of these two alloys in the new allow
- A and B can complete a piece of work in 80 and 120 days respectively. They together start the work but A left after 20 days. After another 12 days C joined B and now they complete the work in 28 more days. In how many days C can complete the work, working
- S, T and U can complete a work in 40, 48 and 60 days respectively. They received Rs 10800 to complete the work. They begin the work together but T left 2 days before the completion of the work and U left 5 days before the completion of the work. S has com
- A shopkeeper buys a blanket at a discount of 20% on the listed price from a wholesaler. The shopkeeper marks up the price by 15% on the listed price. A buyer pays Rs. 3795 to get it after paying sales tax rate of 10% on the price asked for. Find the profi