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cost of price of four types of tea is rupees 120 rupees 150 rupees 180 and rupees 210 per kg respectively what will the selling price of the mix if they are mixed in the ratio of 4:3:2:1 and 20% profit is desired
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cost of price of four types of tea is rupees 120 rupees 150 rupees 180...
Calculating Selling Price of Mixed Tea:
- First, calculate the cost price of the mixed tea by finding the weighted average of the prices of the four types of tea according to the given ratio.
- The cost price of the mixed tea can be calculated as follows:
- Cost price = (4 * 120 + 3 * 150 + 2 * 180 + 1 * 210) / (4 + 3 + 2 + 1)
= (480 + 450 + 360 + 210) / 10
= 1500 / 10
= 150 rupees per kg
Calculating Selling Price with 20% Profit:
- To calculate the selling price with a 20% profit, we need to add the profit margin to the cost price.
- Profit margin = 20% of the cost price
= 20% of 150
= 0.20 * 150
= 30 rupees per kg
- Therefore, the selling price of the mixed tea with a 20% profit margin would be:
- Selling price = Cost price + Profit margin
= 150 + 30
= 180 rupees per kg
Conclusion:
- The selling price of the mixed tea, when mixed in the ratio of 4:3:2:1 and a 20% profit is desired, would be 180 rupees per kg.
- First, calculate the cost price of the mixed tea by finding the weighted average of the prices of the four types of tea according to the given ratio.
- The cost price of the mixed tea can be calculated as follows:
- Cost price = (4 * 120 + 3 * 150 + 2 * 180 + 1 * 210) / (4 + 3 + 2 + 1)
= (480 + 450 + 360 + 210) / 10
= 1500 / 10
= 150 rupees per kg
Calculating Selling Price with 20% Profit:
- To calculate the selling price with a 20% profit, we need to add the profit margin to the cost price.
- Profit margin = 20% of the cost price
= 20% of 150
= 0.20 * 150
= 30 rupees per kg
- Therefore, the selling price of the mixed tea with a 20% profit margin would be:
- Selling price = Cost price + Profit margin
= 150 + 30
= 180 rupees per kg
Conclusion:
- The selling price of the mixed tea, when mixed in the ratio of 4:3:2:1 and a 20% profit is desired, would be 180 rupees per kg.
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cost of price of four types of tea is rupees 120 rupees 150 rupees 180 and rupees 210 per kg respectively what will the selling price of the mix if they are mixed in the ratio of 4:3:2:1 and 20% profit is desired Related: Types of Matrices - Matrices and Determinants, Business Mathematics & Statistics
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cost of price of four types of tea is rupees 120 rupees 150 rupees 180 and rupees 210 per kg respectively what will the selling price of the mix if they are mixed in the ratio of 4:3:2:1 and 20% profit is desired Related: Types of Matrices - Matrices and Determinants, Business Mathematics & Statistics for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about cost of price of four types of tea is rupees 120 rupees 150 rupees 180 and rupees 210 per kg respectively what will the selling price of the mix if they are mixed in the ratio of 4:3:2:1 and 20% profit is desired Related: Types of Matrices - Matrices and Determinants, Business Mathematics & Statistics covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for cost of price of four types of tea is rupees 120 rupees 150 rupees 180 and rupees 210 per kg respectively what will the selling price of the mix if they are mixed in the ratio of 4:3:2:1 and 20% profit is desired Related: Types of Matrices - Matrices and Determinants, Business Mathematics & Statistics.
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