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 steps

Here's how to calculate it:

  1. 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 (CAC_A) = 160 per kg
    • Cost of rice B (CBC_B) = x per kg
  2. 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 = 3 kg×160/kg=4803 \text{ kg} \times 160 \text{/kg} = 480
    • Cost of 1 kg of B = 1 kg×x/kg=x1 \text{ kg} \times x \text{/kg} = x
    • Total CP of 4 kg mixture = 480+x480 + x
  3. Calculate the total selling price (SP) of the mixture

    • The mixture is sold at 195 per kg.
    • Total SP of 4 kg mixture = 4 kg×195/kg=7804 \text{ kg} \times 195 \text{/kg} = 780
  4. Use the profit percentage to find the cost of B

    • Profit = 30%
    • The formula relating SP, CP, and profit is: SP = CP ×\times (1 + Profit Percentage / 100)
    • 780=(480+x)×(1+30/100)780 = (480 + x) \times (1 + 30/100)
    • 780=(480+x)×(1+0.30)780 = (480 + x) \times (1 + 0.30)
    • 780=(480+x)×1.30780 = (480 + x) \times 1.30
  5. Solve for x

    • 480+x=780/1.30480 + x = 780 / 1.30
    • 480+x=600480 + x = 600
    • x=600−480x = 600 - 480
    • x=120x = 120

    Therefore, the cost of B is 120 per kg.

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