A dealer mixes rice costing Rs. 13.84 per kg with rice costing Rs 15.5...
Solution:
Given, cost price of rice A = Rs.13.84/kg
Cost price of rice B = Rs.15.54/kg
Selling price of the mixture = Rs.17.60/kg
Profit earned = 14.6%
Let us assume that x kg of rice A and y kg of rice B are mixed to get the final mixture.
Cost Price Calculation:
Total cost price of rice A = Rs.13.84 x kg
Total cost price of rice B = Rs.15.54 y kg
Total cost price of the mixture = (13.84 x + 15.54 y)
Selling Price Calculation:
Total selling price of the mixture = 17.6 (x + y) kg
Calculation of Profit Earned:
Profit earned = Selling Price - Cost Price
= 17.6 (x + y) - (13.84 x + 15.54 y)
= 3.76 x + 2.06 y
Profit earned as a percentage of the selling price = (Profit earned / Selling price) x 100
= ((3.76 x + 2.06 y) / 17.6 (x + y)) x 100
Given, profit earned = 14.6%
Therefore, (3.76 x + 2.06 y) / 17.6 (x + y) x 100 = 14.6
Solving this equation, we get:
x/y = 1.5/1
Therefore, the ratio of rice A to rice B in the mixture is 1.5:1.
Calculation of Final Mixture:
Let us assume that we take 1.5 kg of rice A and 1 kg of rice B.
Total cost price of the mixture = (13.84 x 1.5) + (15.54 x 1) = Rs.32.56
Selling price of the mixture = 17.6 x 2.5 = Rs.44
Profit earned = Selling price - Cost price = Rs.44 - Rs.32.56 = Rs.11.44
Profit earned as a percentage of the selling price = (Profit earned / Selling price) x 100 = (11.44 / 44) x 100 = 26%
Therefore, the dealer earns a profit of 26% on the final mixture.
Conclusion:
Thus, we can conclude that the dealer mixes rice A and rice B in the ratio of 1.5:1 to get the final mixture and earns a profit of 26% on the selling price.
A dealer mixes rice costing Rs. 13.84 per kg with rice costing Rs 15.5...