Coffee costing! 250 per kg was mixed with chicory costing Rs. 75 per kg in the ratio 5:2 for a certain blend. If the mixture was sold at Rs.230 per kg, find the gain or loss percent. Hint. Let 5 kg of coffee be mixed with 2 kg of chicory.
Let × be the common multiple.
Cost of 5 Kg of Coffee => 5 × = 250 × 5 = Rs.1250
Cost of 2 kg of Chicory => 2 × = 75 × 2 = Rs.150
Cost of Mixture is;
5 × + 2 × = 1250 + 150
7 × = 1400
× = 1400/7 = Rs.200
So, CP of Mixture = Rs.200
And SP of Mixture = Rs.230
Since, SP > CP. So, it is a case of Gain.
Gain = SP – CP
= 230 – 200
= Rs.30
Gain Percent =
= 15%