Profit & Loss Mcqs

Q.  At what price must kashif sell a mixture of 80 kg sugar at Rs. 6.75 per kg with 120 kg at Rs. 8 per kg to gain 20%?

a. Rs. 7.50 per kg
b. Rs. 8.20 per kg
c. Rs. 8.85 per kg
d. Rs. 9 per kg


ANSWER: See Answer
 
C.P of 200 kg of sugar = Rs. (80 × 6.75 + 120 × 8) = Rs. 1500

C.P of 1 kg = Rs. (1500/200) = Rs. 7.50

Gain required = 20%

S.P of 1 kg = (120% of Rs. 7.50)

= Rs. (120/100 × 7.50) = Rs. 9 per kg
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