A rice mill owner mixed 60 kg of rice worth Rs. 30 per kg and 40 kg of rice worth Rs. 35 per kg. He mixes the two and sells the mixture at Rs. 40 per kg. What is the percentage profit in this deal?
Question
A rice mill owner mixed 60 kg of rice worth Rs. 30 per kg and 40 kg of rice worth Rs. 35 per kg. He mixes the two and sells the mixture at Rs. 40 per kg. What is the percentage profit in this deal?
Total cost price of (60 + 40) 100kg of mixture = (60*30 + 40*35)
= 1800 + 1400
= Rs. 3200
Now, selling price of the mixture = 100 * 40 = Rs. 4000
Profit = 4000 - 3200 = Rs. 800
Required percentage profit = 800/3200 ∗ 100 = 25%
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