A merchant has 175 kg of sugar, part of which he sells at 5% profit and the rest at 15% profit. He gains 108% on the whole. The quantity sold at 5% profit is:
OPtion
1) 52.5 kg
2) 50.5 kg
3) 54.5 kg
4) 57.5 kg
5) 120 kg
6) 122.5 kg
7) 121 kg
8) 121.5 kg
9) 122 kg
10)None of these
Solution
(Quantity of Cheaper)/(Quantity of Dearer) = (Price of Dearer - Mean Price)/(Mean Price - Price of Cheaper)
(Quantity of Cheaper)/(Quantity of Dearer) = (115 - 108)/(108-105) = 7/3
Total Quantity = 175 KG
The quantity sold at 5% profit is = (7/10) * 175 = 122.5 Kg