CAT 1997 — QA Question 12
Profit & LossEasy
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
Correct answer: None of these
- A
Rs. 80
- B
Rs. 100
- C
Rs. 95
None of these
Solution
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).