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Venu mixed two varieties of wheat costin...

Venu mixed two varieties of wheat costing Rs 20 and Rs 25 per kg in the ratio 5:4 and sold the mixture at 24 per Kg Find the profit or loss in the whole transaction.

A

2% loss

B

2%profit

C

8% profit

D

8% loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first determine the cost price of the mixture and then calculate the selling price to find the profit or loss. ### Step 1: Determine the cost price of each variety of wheat. - The cost of the first variety of wheat is Rs 20 per kg. - The cost of the second variety of wheat is Rs 25 per kg. ### Step 2: Calculate the total cost for each variety based on the given ratio. - The ratio of mixing is 5:4. - Let the quantity of the first variety be 5 kg and the quantity of the second variety be 4 kg. **Cost of the first variety:** \[ \text{Cost of first variety} = 5 \, \text{kg} \times 20 \, \text{Rs/kg} = 100 \, \text{Rs} \] **Cost of the second variety:** \[ \text{Cost of second variety} = 4 \, \text{kg} \times 25 \, \text{Rs/kg} = 100 \, \text{Rs} \] ### Step 3: Calculate the total cost price of the mixture. - Total cost price (CP) of the mixture: \[ \text{Total CP} = 100 \, \text{Rs} + 100 \, \text{Rs} = 200 \, \text{Rs} \] ### Step 4: Calculate the total quantity of the mixture. - Total quantity of the mixture: \[ \text{Total quantity} = 5 \, \text{kg} + 4 \, \text{kg} = 9 \, \text{kg} \] ### Step 5: Determine the selling price of the mixture. - Selling price (SP) is given as Rs 24 per kg. - Total selling price of the mixture: \[ \text{Total SP} = 9 \, \text{kg} \times 24 \, \text{Rs/kg} = 216 \, \text{Rs} \] ### Step 6: Calculate the profit or loss. - Profit or loss is calculated as: \[ \text{Profit} = \text{Total SP} - \text{Total CP} \] \[ \text{Profit} = 216 \, \text{Rs} - 200 \, \text{Rs} = 16 \, \text{Rs} \] ### Step 7: Calculate the profit percentage. - Profit percentage is calculated as: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Total CP}} \right) \times 100 \] \[ \text{Profit Percentage} = \left( \frac{16 \, \text{Rs}}{200 \, \text{Rs}} \right) \times 100 = 8\% \] ### Final Answer: The profit in the whole transaction is Rs 16, and the profit percentage is 8%. ---
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