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.
Correct Answer :
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 = rupees.
The price of the second variety = ₹200 per kg.
Cost of 3 kg of the second variety = rupees.
Total Cost Price (CP) of the 5 kg mixture:
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:
rupees.
Step 3: Determine the profit or loss.
Comparing the Total Cost Price and Total Selling Price:
rupees.
rupees.
Since the Total Cost Price is equal to the Total Selling Price (), there is no loss, no gain.
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