A seller mixes two varieties of rice costing ₹40/kg and ₹60/kg in a certain ratio and sells the mixture at ₹55/kg, gaining 10%. What is the ratio in which the two types are mixed?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 1:1.
Selling price of mixture = ₹55/kg
Gain = 10%
So, the cost price of mixture(CP) = 55 × = ₹50
Now rice of ₹40 and ₹60 mixed to get the mean price ₹50
Ratio = 1 : 1