Mixture of equal counts at different buying rates: A man buys an equal number of toffees at 6 per rupee and at 7 per rupee. He mixes all the toffees and sells the entire lot at 6 per rupee. Find his overall gain or loss percentage on the transaction.
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A100/13 % gain
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B69/13 % loss
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C79/13 % gain
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D76/13 % loss
Answer
Correct Answer: 100/13 % gain
Explanation
Introduction / Context:Weighted-average cost problems often give buying rates as “k per rupee.” Converting these to per-toffee costs and working with counts makes the effective average cost clear. The selling rate is common, so revenue is easy to compute.
Given Data / Assumptions:
- Equal number of toffees purchased at 6 per rupee and 7 per rupee.
- All toffees sold at 6 per rupee.
- Let each batch contain n toffees for easy algebra.
Concept / Approach:Cost per toffee when 6 per rupee is 1/6 rupee; when 7 per rupee is 1/7 rupee. Total cost is the sum across equal counts. Total revenue uses the selling price 1/6 rupee per toffee times total pieces. Profit% = (profit / cost) * 100.
Step-by-Step Solution:Cost for first n toffees = n * (1/6) rupeeCost for second n toffees = n * (1/7) rupeeTotal cost = n(1/6 + 1/7) = n * (13/42) rupeeTotal toffees = 2n; Selling rate = 1/6 rupee each ⇒ Total revenue = 2n * (1/6) = n/3 rupeeProfit = revenue − cost = n/3 − n(13/42) = n(14/42 − 13/42) = n/42 rupeeProfit% = ( (n/42) / (n * 13/42) ) * 100 = (1/13) * 100 = 100/13 % ≈ 7.692%
Verification / Alternative check:Choose n = 42 for integers: Cost = 42(13/42) = 13 rupees; Revenue = (2*42)/6 = 14 rupees; Profit = 1 rupee ⇒ Profit% = 1/13 * 100 = 100/13 %.
Why Other Options Are Wrong:
- 69/13 % loss / 76/13 % loss: sign is wrong; the computed outcome is a gain.
- 79/13 % gain: lower than the exact 100/13 %; arises from arithmetic slips.
Common Pitfalls:
- Averaging the rupee rates instead of computing per-toffee costs and total revenue.
- Using the wrong base (selling price instead of cost) for the percentage.
Final Answer:100/13 % gain