Two grades of rice A and B costing 160 per bag and x per kg respectively are mixed in the ratio 3:1bso that by selling the mixture at 195 a profit of 30% is realized find the cost of B
Mathematics
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Answer
The cost of rice B is 120 per kg.
Step-by-step solution
5 stepsHere's how to calculate it:
Interpret the costs
We assume "160 per bag" for rice A implies 160 per kg, as the selling price is per kg and the ratio is by weight. The cost of rice B is given as 'x' per kg.
- Cost of rice A () = 160 per kg
- Cost of rice B () = x per kg
Calculate the total cost price (CP) of the mixture
- The rice is mixed in a ratio of 3:1 (A:B). Let's consider 3 kg of A and 1 kg of B for a total of 4 kg of mixture.
- Cost of 3 kg of A =
- Cost of 1 kg of B =
- Total CP of 4 kg mixture =
Calculate the total selling price (SP) of the mixture
- The mixture is sold at 195 per kg.
- Total SP of 4 kg mixture =
Use the profit percentage to find the cost of B
- Profit = 30%
- The formula relating SP, CP, and profit is: SP = CP (1 + Profit Percentage / 100)
Solve for x
Therefore, the cost of B is 120 per kg.
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