CAT 1997QA Question 12

Profit & LossEasy
Passage / Data

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

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

=(3×100+4×80+5×603+4+5)=92012

In order to make a 50% profit, he will have to sell it at (92012×1.5)=92012×32=9208 = Rs. 115 per kg.

Since none of the answer-choices confirms this, the answer is (d).

CAT 1997 QA Q12: 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 w — Solution | TheCATExam