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A shopkeeper mixes two varieties of Tea, one costing ₹40/kg and another ₹50/kg in the ratio 3: 2. If he sells the mixed variety of Tea at ₹48/kg, his gain or loss percent is - Mathematics

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MCQ

A shopkeeper mixes two varieties of Tea, one costing ₹40/kg and another ₹50/kg in the ratio 3: 2. If he sells the mixed variety of Tea at ₹48/kg, his gain or loss percent is

Options

  • 48.4% gain

  • 48.4% loss

  • 10% gain

  • 10% loss

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Solution

10% gain

Explanation:

Average CP of Mixed Tea when Mixed in Ratio 3: 2

`=(40xx3+50xx2)/(3+2)=220/5=₹44`

When SP = ₹48/kg

P%`=4/44xx100` = 9.09 ≈ 10% gain

Concept: Profit and Loss (Entrance Exam)
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