Math Problem Statement
Q6 A merchant has three varieties of rice having cost Rs.20/kg, Rs.24/kg and Rs.30/kg. He mixes them in some ratio such that on selling the mixture at Rs. 30/kg he earns a profit of 20%. If the mixture contains 2 kg of the third variety of rice and has integer number of kilograms of other two varieties also, then how many kilograms of the second variety can be there in the mixture ?
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Profit and Loss
Weighted Average
Formulas
Selling Price = Cost Price × (1 + Profit Percentage)
Weighted Average Cost Price = (Sum of Total Cost) / (Sum of Total Weight)
Theorems
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Suitable Grade Level
Grades 9-11
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