Question Details

A shopkeeper blends two varieties of coffee beans—the first priced at ₹150 per kg and the second at ₹200 per kg—in a ratio of 2 : 3. If the combined mixture is sold at a rate of ₹180 per kg, determine the overall profit or loss percentage.

Options

A

4% Loss

B

4% Gain

C

no loss, no gain

D

6% Loss

Show Answer

Correct Answer :

Option C

no loss, no gain

Solution :

Correct Answer: no loss, no gain


Let us solve this problem step-by-step to find the overall profit or loss percentage.


Step 1: Calculate the total cost price of the blended mixture.

The shopkeeper blends two varieties of coffee beans in the ratio of 2 : 3.

For ease of calculation, let the quantity of the first variety of coffee beans be 2 kg and the quantity of the second variety be 3 kg.

Total quantity of the mixture = 2 kg + 3 kg = 5 kg.


The price of the first variety = ₹150 per kg.

Cost of 2 kg of the first variety = 2×150=300 rupees.


The price of the second variety = ₹200 per kg.

Cost of 3 kg of the second variety = 3×200=600 rupees.


Total Cost Price (CP) of the 5 kg mixture:

Total CP=300+600=900 rupees.


Step 2: Calculate the total selling price of the mixture.

The mixture is sold at a rate of ₹180 per kg.

Total Selling Price (SP) of the 5 kg mixture:

Total SP=5×180=900 rupees.


Step 3: Determine the profit or loss.

Comparing the Total Cost Price and Total Selling Price:

Total Cost Price (CP)=900 rupees.

Total Selling Price (SP)=900 rupees.


Since the Total Cost Price is equal to the Total Selling Price (CP=SP), there is no loss, no gain.

Unlock Our Free Library

Access expert-curated educational resources and study materials—completely free.

Ask AI Tutor
5 left
Q1 View Question & Options
AI Tutor is solving this question...
Reading question context & options...