CAT 1997 — QA Question 12
Answer the next 3 questions based on the following information.
There are 60 students in a class. These students are divided into three groups A, B and C of 15, 20 and 25 students each. The groups A and C are combined to form group D.
A dealer buys dry fruits at Rs. 100, Rs. 80 and Rs. 60 per kilogram. He mixes them in the ratio 3 : 4 : 5 by weight, and sells at a profit of 50%. At what price per kilogram does he sell the dry fruit?
Answer & solution
- A
Rs. 80
- B
Rs. 100
- C
Rs. 95
None of these
Let he mix 3 kg, 4 kg and 5 kg of dry fruits at Rs. 100, Rs. 80 and at Rs. 60 per kilogram respectively. Hence, his effective cost of the dry fruits per kilogram should be the weighted average
In order to make a 50% profit, he will have to sell it at = Rs. 115 per kg.
Since none of the answer-choices confirms this, the answer is (d).