A shopkeeper blends two varieties of tea, priced at Rs. 18 and Rs. 13 per kilogram, respectively in the ratio of 6 : 4. If he sells the blended variety for Rs. 20 per kilogram, then what is the percentage profit in the transaction?
A shopkeeper blends two varieties of tea, priced at Rs. 18 and Rs. 13 per kilogram, respectively in the ratio of 6 : 4. If he sells the blended variety for Rs. 20 per kilogram, then what is the percentage profit in the transaction? Correct Answer 25 %
Given:
A shopkeeper blends two varieties of tea, priced at Rs. 18 and Rs. 13 per kilogram in the ratio of 6 : 4.
The selling price of blended tea is 20 per kilogram.
Concept:
Profit = S.P - C.P
Proit% = (Profit/C.P) × 100%
Calculation:
Let the quantity of one tea is 6 kg and the other tea is 4 kg respectively, then the total quantity of tea is 10 kg
The cost price of one tea is
⇒ 18 × 6
⇒ 108 rupees
The cost price of the other tea is
⇒ 13 × 4
⇒ 52 rupees
Now,
The total cost price of tea is
⇒ 108 + 52
⇒ 160 rupees
The total selling price is
⇒ 20 × 10
⇒ 200 rupees
So,
The profit is
⇒ 200 - 160
⇒ 40 rupees
The profit% is
⇒ (40/160) × 100%
⇒ (1/4) × 100%
⇒ 25%
∴ 25%