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DIRECTIONS for the question: Solve the following question and mark the best possible option.
A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :
- a)48.4% gain
- b)48.4% loss
- c)10% gain
- d)10% loss
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
DIRECTIONS for the question: Solve the following question and mark the...
Using alligations,
Hence, required profit percentage
= 9.09%
Thus, approximate gain is 10%.
Hence, required profit percentage
= 9.09%
Thus, approximate gain is 10%.
Most Upvoted Answer
DIRECTIONS for the question: Solve the following question and mark the...
Given:
- Cost of one variety of tea = Rs. 40/kg
- Cost of another variety of tea = Rs. 50/kg
- Ratio of the two varieties = 3 : 2
- Selling price of the mixed variety of tea = Rs. 48/kg
To find:
- Gain or loss percent
Formula:
- Gain or loss percent = (Profit or loss / Cost Price) * 100
Solution:
Let's assume that the shopkeeper mixes 3 kg of the first variety and 2 kg of the second variety to get a total of 5 kg of mixed tea.
Cost price of 3 kg of the first variety:
- Cost price = Rs. 40/kg
- Total cost price = Rs. 40/kg * 3 kg = Rs. 120
Cost price of 2 kg of the second variety:
- Cost price = Rs. 50/kg
- Total cost price = Rs. 50/kg * 2 kg = Rs. 100
Total cost price of the mixed variety of tea:
- Total cost price = Rs. 120 + Rs. 100 = Rs. 220
Selling price of the mixed variety of tea:
- Selling price = Rs. 48/kg
- Total selling price = Rs. 48/kg * 5 kg = Rs. 240
Profit or loss:
- Profit = Total selling price - Total cost price = Rs. 240 - Rs. 220 = Rs. 20
Gain or loss percent:
- Gain or loss percent = (Profit or loss / Cost Price) * 100
- Gain or loss percent = (20 / 220) * 100
- Gain or loss percent = 9.09%
Since the gain or loss percent is positive, it means the shopkeeper has made a gain of 9.09% when selling the mixed variety of tea at Rs. 48/kg.
Therefore, the correct option is C) 10% gain.
- Cost of one variety of tea = Rs. 40/kg
- Cost of another variety of tea = Rs. 50/kg
- Ratio of the two varieties = 3 : 2
- Selling price of the mixed variety of tea = Rs. 48/kg
To find:
- Gain or loss percent
Formula:
- Gain or loss percent = (Profit or loss / Cost Price) * 100
Solution:
Let's assume that the shopkeeper mixes 3 kg of the first variety and 2 kg of the second variety to get a total of 5 kg of mixed tea.
Cost price of 3 kg of the first variety:
- Cost price = Rs. 40/kg
- Total cost price = Rs. 40/kg * 3 kg = Rs. 120
Cost price of 2 kg of the second variety:
- Cost price = Rs. 50/kg
- Total cost price = Rs. 50/kg * 2 kg = Rs. 100
Total cost price of the mixed variety of tea:
- Total cost price = Rs. 120 + Rs. 100 = Rs. 220
Selling price of the mixed variety of tea:
- Selling price = Rs. 48/kg
- Total selling price = Rs. 48/kg * 5 kg = Rs. 240
Profit or loss:
- Profit = Total selling price - Total cost price = Rs. 240 - Rs. 220 = Rs. 20
Gain or loss percent:
- Gain or loss percent = (Profit or loss / Cost Price) * 100
- Gain or loss percent = (20 / 220) * 100
- Gain or loss percent = 9.09%
Since the gain or loss percent is positive, it means the shopkeeper has made a gain of 9.09% when selling the mixed variety of tea at Rs. 48/kg.
Therefore, the correct option is C) 10% gain.
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DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer?
Question Description
DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer?.
DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer?.
Solutions for DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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Here you can find the meaning of DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice DIRECTIONS for the question: Solve the following question and mark the best possible option.A shopkeeper mixes two varieties of Tea, one costing Rs. 40/kg and another Rs. 50/kg in the ratio 3 : 2. If he sells the mixed variety of Tea at Rs. 48/kg, his gain or loss percent is :a)48.4% gainb)48.4% lossc)10% gaind)10% lossCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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