A person buys tea of three different qualities at Rs. , Rs. , and Rs. per kg, respectively, and the amounts bought are in the proportion . She mixes all the tea and sells one-sixth of the mixture at Rs. per kg. The price, in INR per kg, at which she should sell the remaining tea, to make an overall profit of , is
A person buys tea of three different qualities at Rs. , Rs. , and Rs. per kg, respectively, and the amounts bought are in the proportion . She mixes all the tea and sells one-sixth of the mixture at Rs. per kg. The price, in INR per kg, at which she should sell the remaining tea, to make an overall profit of , is
Solution
When we have quantities in a ratio like 2:3:5, we can multiply each part by any convenient number to get actual quantities. Let's multiply by 3 to get nice round numbers:
Quality 1: 2 × 3 = 6 kg at Rs. 800/kg
Quality 2: 3 × 3 = 9 kg at Rs. 500/kg
Quality 3: 5 × 3 = 15 kg at Rs. 300/kg
Total mixture = 6 + 9 + 15 = 30 kg
Total Cost = (6 × 800) + (9 × 500) + (15 × 300)
= 4800 + 4500 + 4500
= Rs. 13800
50% profit means the selling price should be 150% of the cost price.
Target Total Selling Price = 13800 × 1.5 = Rs. 20700
This is the total amount we need to earn to achieve 50% profit.
One-sixth of the mixture = 30 ÷ 6 = 5 kg
Revenue from 5 kg = 5 × 700 = Rs. 3500
Remaining quantity = 30 - 5 = 25 kg
Remaining revenue needed = 20700 - 3500 = Rs. 17200
Required selling price per kg = 17200 ÷ 25 = Rs. 688
Therefore, we should sell the remaining tea at Rs. 688 per kg.