In what ratio must two kinds of sugar at Rs. 1.15 and Rs. 1.24 per kg be mixed so that by selling at Rs. 1.50 per kg, 25% may be gained?
Answer & explanation
Correct answer: option 1
Cost of 1st = 1.15 Rs.
Cost of 2nd = 1.15 Rs.
SP = 1.50 Rs.
Profit = 25%.
CP = 1.50 x (\(\frac{100}{125}\)) = 1.20 Rs.
Therefore required ratio = 4 : 5