In what ratio must a grocer mix two varieties of tea worth Rs.120 per kg and Rs.130 per kg, so that by selling the mixture at Rs.136.40 per kg, he may gain 10%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 3 : 2.
Given:
SP of 1 kg of mixture = Rs. 136.40
Gain = 10%
Formula Used:
Explanation:
CP of 1 kg mixture =
⇒ = Rs. 124
Let the grocer mix x kg of tea worth Rs. 120 per kg with y kg of tea worth Rs. 130 per kg
Cost of (x + y) kg of tea = Rs.(120x + 130y)
Cost of 1 kg of mixture = Rs. 124
Cost of (x + y) kg of mixture = Rs. 124(x + y)
So, 124(x + y) = 120x + 130y
⇒ 124x + 124y = 120x + 130y
⇒ 4x = 6y
⇒ x/y = 3/2
Required Ratio = 3 : 2