A candy shop owner buys three kinds of candies: red, blue, and green. Red candies are purchased at 3 for ₹12, blue candies at 4 for ₹20, and green candies at 5 for ₹25. He mixes them in the ratio 1:1:2. He sells all the mixed candies at 2 for ₹12. What is his approximate gain or loss percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Profit of 26.32%.
CP of Red candy = 12/3 = 4
CP of Blue candy = 20/4 = 5
CP of Green candy = 25/5 = 5
Ratio of mixture = 1 : 1 : 2 (Let 4 candies total)
CP of 4 candies = (1 × 4) + (1 × 5) + (2 × 5) = 4 + 5 + 10 = 19
SP per 2 candies = 12
SP for 4 candies = 12 × 2 = 24
Profit = 24 - 19 = 5
Gain percentage = (5/19) × 100 = 26.32%