A merchant has 999 kg of sugar, part of which he sells at 12% loss and the rest at 15% profit. He gains 7% on the whole. What is the difference between the quantities of sugar sold at 15% profit and that sold at 12% loss?
OPtion
1) 296 kg
2) 395 kg
3) 407 kg
4) 705 kg
5) 703 kg
6) 401 kg
7) 449 kg
8) 409 kg
9) 411 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 - 107)/(107-88) = 8/19
Total Quantity = 999 KG
The quantity sold at 12% loss is = (8/27) * 999 = 296 Kgs
The quantity sold at 15% profit is = (19/27) * 999 = 703 Kgs
Diff between quantities = 703-296 = 407 KGs