A vendor mixes two types of coffee beans, one costing ₹150 per kg and the other costing ₹200 per kg, in the ratio 3 : 2. If he sells the mixed variety at ₹185 per kg, find his gain or loss percent.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 8.82% Gain.
Let the quantities of first and second varieties of beans be 3x and 2x respectively.
Now, CP of both varieties = (3x × 150) + (2x × 200)
⇒ 450x + 400x = 850x
Now, SP = 5x × 185 = 925x
Now, SP > CP, profit = 925x - 850x = 75x
Profit percentage = (75x/850x) × 100 = 8.82%