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Rice of two category i.e. Rs. 150 per kg...

Rice of two category i.e. Rs. 150 per kg and Rs. 200 per kg are mixed with a third category in ratio 1:2:2, if mixture of these was sold at profit on 20% for Rs. 252, find cost price of third category rice?

A

Rs. 175

B

Rs. 275

C

Rs. 250

D

Rs. 225

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step-by-step, we need to find the cost price of the third category rice given the prices of the first two categories and the selling price of the mixture. ### Step 1: Understand the given data We have: - Price of first category rice = Rs. 150 per kg - Price of second category rice = Rs. 200 per kg - Ratio of mixing = 1:2:2 (for first, second, and third category respectively) - Selling price of the mixture = Rs. 252 - Profit = 20% ### Step 2: Calculate the cost price of the mixture Since the selling price includes a profit of 20%, we can find the cost price of the mixture using the formula: \[ \text{Selling Price} = \text{Cost Price} + \text{Profit} \] Where profit is 20% of the cost price. Let \( CP \) be the cost price of the mixture. Then: \[ 252 = CP + 0.2 \times CP \] \[ 252 = 1.2 \times CP \] \[ CP = \frac{252}{1.2} \] \[ CP = 210 \] ### Step 3: Calculate the total cost of the mixture The total cost of the mixture can be calculated based on the ratio of the rice categories: - Let the quantities of the rice be: - First category = 1 kg - Second category = 2 kg - Third category = 2 kg Total quantity = \( 1 + 2 + 2 = 5 \) kg The total cost of the mixture can also be expressed as: \[ \text{Total Cost} = (1 \times 150) + (2 \times 200) + (2 \times x) \] Where \( x \) is the cost price of the third category rice. ### Step 4: Set up the equation From the previous step, we have: \[ \text{Total Cost} = 150 + 400 + 2x \] \[ \text{Total Cost} = 550 + 2x \] Since we calculated the cost price of the mixture to be Rs. 210, we can set up the equation: \[ 550 + 2x = 210 \] ### Step 5: Solve for \( x \) Now, we can solve for \( x \): \[ 2x = 210 - 550 \] \[ 2x = -340 \] \[ x = \frac{-340}{2} \] \[ x = -170 \] ### Step 6: Correct the equation It seems there was a misunderstanding in the cost price calculation. The cost price should be set equal to the total cost divided by the total quantity: \[ 210 = \frac{550 + 2x}{5} \] Multiply both sides by 5: \[ 1050 = 550 + 2x \] Now, solve for \( x \): \[ 2x = 1050 - 550 \] \[ 2x = 500 \] \[ x = 250 \] ### Conclusion The cost price of the third category rice is Rs. 250.
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