Shovik purchases two types of sugar: the first type at Rs. 45 per kg and the second type at Rs. 80 per kg. In what ratio should Shovik blend the first type of sugar with the second type so that, by selling each kg of the blended sugar at Rs.72 per kg, he makes a profit of 20%?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 4 : 3.
Given:
The cost price of the first type of sugar = Rs 45 per kg
The cost price of the second type of sugar = Rs 80 per kg
The selling price of the mixture = Rs 72 per kg
Profit = 20%
Cost price of the mixture = 72/1.2 = Rs 60 per kg
Required ratio = 20 : 15
⇒ 4 : 3