CAT 2018 Slot 1 — QA Question 13
A trader sells 10 litres of a mixture of paints A and B, where the amount of B in the mixture does not exceed that of A. The cost of paint A per litre is Rs. 8 more than that of paint B. If the trader sells the entire mixture for Rs. 264 and makes a profit of 10%, then the highest possible cost of paint B, in Rs. per litre, is
Answer & solution
Correct answer: 20
20
- B
26
- C
16
- D
22
Easy
Translate the cost relation and the profit into one linear equation in the per-litre cost of B and the volume of A. The cost of B is largest when the volume of A is at its allowed minimum.
Set up variables. Let the mixture hold litres of A and litres of B. Let B cost per litre, so A costs per litre. Since B does not exceed A:
Recover the cost price from the profit. A profit gives selling price :
Cost equation. Total cost of the two paints equals :
Maximise . decreases as grows, so take the smallest allowed , namely from step 1: