Ashok bought 16kg of wheat at the rate of Rs 11.50 per kg and 14 kg wheat at rate of Rs 14.50 per kg He mixed the two and sold the mixture at the rate of 13.50 kg What is his gain in the transaction?

Answer 1

ANSWER: b) Rs18

method:

16kg at Rs 11.5/kg.

therefore total cost=16*11.5=Rs184

14kg at Rs14.5/kg

therefore total cost=14*14.5=Rs203

Net cost=203+184=Rs387

It is sold at Rs13.5/kg.

Net selling price for all 30kg=13,5*30=Rs 405

Gain in the transaction=405-387=Rs 18