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Hari purchased 25 kg of wheat at the rate of ₹4 per kg and 35 kg of wheat at ₹4.50 per kg. He sold the mixture at the rate of ₹4.25 per kg. Find his gain or loss.
₹3.50, profit
₹2.00, loss
₹2.50, loss
₹3.00, profit
₹2.50, loss
Calculate the difference from the base price of 4 for the second quantity: 35 kg is 0.50 above, so gain 17.5. Weighted average price is 4 + (35 * 0.5) / 60 = 4 + 17.5/60 ≈ 4.29. Since selling price 4.25 < 4.29, it is a loss.
Quantity 1: 25 kg at ₹4/kg. Quantity 2: 35 kg at ₹4.50/kg. Selling Price: ₹4.25/kg.
Cost Price=(Q1×R1)+(Q2×R2), Total Quantity=Q1+Q2, Selling Price=TotalQuantity×Rsale, Profit/Loss=SP−CP
Calculate the difference from the base price of 4 for the second quantity: 35 kg is 0.50 above, so gain 17.5. Weighted average price is 4 + (35 * 0.5) / 60 = 4 + 17.5/60 ≈ 4.29. Since selling price 4.25 < 4.29, it is a loss.
Assuming average price is just (4 + 4.50)/2 = 4.25; this ignores the different quantities (weighted average).
Calculate Total Cost Price
Find the total investment for both quantities: 25×4+35×4.50=100+157.50.
CP=257.50
Calculate Total Selling Price
Total weight is 25+35=60 kg, sold at 4.25 per kg: 60×4.25.
SP=255.00
Determine Profit or Loss
Since CP>SP, it is a loss: 257.50−255.00.
Loss=2.50
C is correct because the total cost price is ₹257.50 and the total selling price is ₹255.00, resulting in a loss of ₹2.50.
Always use the weighted average formula Avg=n1+n2n1x1+n2x2 for mixture problems to avoid common arithmetic errors.