Question
Quantitative Aptitude Question on Profit and Loss
Bala bought 100 kg of flour and 100 kg of sugar. The flour was 25% cheaper than the sugar per kg. He mixed the entire quantity and sold the mixture at ₹275.50 per kg, making an overall profit of 50%. What is the cost price of flour per kg?
₹ 155.5
₹ 160.5
₹ 150.5
₹ 157.5
₹ 157.5
Solution
Let's assume the cost price of sugar is S. Therefore, the cost price of flour (F) is 0.75S
Total cost price of the mixture = 100S+100×0.75S=175S
Since there's a 50% overall profit, the total selling price is 1.5×175S=262.5S
The total weight of the mixture is 200 kg. So, the total selling price is also 200×275.50=55100.
Equating the two values of total selling price: 262.5S = 55100
Solving for S: S = 262.555100=210
Therefore, the cost price of sugar is ₹210/kg. And the cost price of flour is 0.75×210=₹157.50/kg.