In what ratio, should rice at ₹ 60 per kg be mixed with rice at ₹ 42 per kg such that by selling the mixture at ₹ 56 per kg there is a gain of 12%?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 4 : 5
Calculations:
Cost price of the mixture = 56/1.12 = 50
Now according to the question;
Required ratio = 8 : 10
= 4 : 5