3 years ago in Profit & Loss

A fuel dealer mixes two brands of fuel which cost in the ratio 2:3. A solution containing 30% Brand A and remaining Brand B yields profit of 10% when sold at RS 297. What is cost of brand B?

[A] 300
[B] 208
[C] 262
[D] 354
[E] None of these
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jyothi pulikanti - 6 months ago

Let quantity of solution sold be 1 litre

When the solution is sold for 297, the profit percent = 10%

Hence CP of of solution = SP × 100/(100+P%)

⇒CP = 297 × 100/(100+10)

⇒CP = 270

Ratio of quantities of brand A and brand B is 3:7

Let their costs be 2c and 3c.

⇒ 0.3×2c + 0.7×3c = 270

⇒ 2.7c = 270

⇒ c = 100

Hence cost of Brand B = 3c = 300

Madhubala B 17I222
Madhubala B 17I222 - 4 weeks ago

Madhubala B 17I222 is saying 208 is correct answer

Tarun Sanjeev
Tarun Sanjeev - 1 month ago

Tarun Sanjeev is saying 300 is correct answer

MOTAMARRI AJAY KUMAR
MOTAMARRI AJAY KUMAR - 1 month ago

MOTAMARRI AJAY KUMAR is saying 208 is correct answer

Hridyesh Ojha
Hridyesh Ojha - 1 month ago

Hridyesh Ojha is saying 262 is correct answer

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