A merchant has 70 kg of sugar, part of which he sells at 3.5% profit and the rest at 10.5% profit. He gains 8% on the whole. The quantity sold at 3.5% profit is:
OPtion
1) 35 kg
2) 25 kg
3) 15 kg
4) 22.5 kg
5) 27.5 kg
6) 20 kg
7) 45 kg
8) 40 kg
9) 60 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) = (110.5 - 108)/(108-103.5) = 2.5/4.5 = 5/9
Total Quantity = 70 KG
The quantity sold at 3.5% profit is = (5/14) * 70 = 25 Kgs