A shopkeeper mixes two varieties of pulses - one costing ₹80 per kg and the other costing ₹100 per kg, in the ratio 3: 1. if he sells the mixed variety at ₹91.80 per kg, find his gain or loss percent.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 8% Gain.
Cost price of mixture = (3/4 × 80) + (1/4 × 100) = 60 + 25 = 85 per kg
Selling price = 91.80 per kg
Profit = 91.80 – 85 = 6.80
Profit percentage = (6.80/85) × 100 = 8%