NIFT PG 2008 Question Paper with solutions

Question : 1 of 100

Marks: +1, -0

Jaydeep purchased 25 kg of rice at the rate of Rs. 16.50 per kg and 35 kg of rice at the rate of Rs. 25.50 per kg. He mixed the two and sold the mixture. Approximately, at what price per kg did he sell the mixture to make 25 per cent profit?

Rs. 26.50
Rs. 27.50
Rs. 28.50
Rs. 30.00

Validate

Solution:

C.P. of 1 kg mixture of rice

={25×16.50+35×35.50}/{60}

={412.50×892.50}/{60}

={1315}/{60}=\Rs.{263}/{12}

Since, require S.P. of 1 kg rice

=125/100×263/12

=1315/48

=\Rs.27.39

≈\Rs.27.50

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