Examveda
Examveda

Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of Rs. 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit ?

A. Rs. 14.80

B. Rs. 15.40

C. Rs. 15.60

D. Rs. 16.30

E. Rs. 18.20

Answer: Option D

Solution(By Examveda Team)

C.P. of 50 kg wheat
= Rs. (30 × 11.50 + 20 × 14.25)
= Rs. (345 + 285)
= Rs. 630
$$\eqalign{ & {\text{S}}{\text{.P}}{\text{. of 50 kg wheat}} \cr & = 130\% {\text{ of Rs}}{\text{.630}} \cr & = {\text{Rs}}.\left( {\frac{{130}}{{100}} \times 630} \right) \cr & = {\text{Rs}}.819 \cr & \therefore {\text{S}}{\text{.P}}{\text{. per kg}} \cr & = {\text{Rs}}{\text{.}}\left( {\frac{{819}}{{50}}} \right) \cr & = {\text{Rs}}.16.38 \approx {\text{Rs}}.16.30 \cr} $$

This Question Belongs to Arithmetic Ability >> Profit And Loss

Join The Discussion

Comments ( 1 )

  1. Crystal
    Crystal :
    2 years ago

    How can the approximate value of 16.38 be 16.30?

Related Questions on Profit and Loss