Question

20kg of beans at #150/kg are mixed with 15kg of beans at #180/kg , if the mixture is sold at #200/kg , calculate the percentage profit and correct to 3s f​

Answer 1

Answer: 18.6%

Explanation:

Cost of 20 kg of beans at #150 per kg is:

= 20 * 150

= #3,000

Cost of 15 kg of beans at #180 per kg is:

= 15 * 180

= #2,700

Total cost is:

= 3,000 + 2,700

= #5,700

Mixing both beans results in a weight of:

= 20 + 15

= 35 kg

This 35kg is sold at #200 per kg so the revenue is:

= 35 * 200

= #7,000

Percentage profit is:

= (Revenue - Cost) / Revenue * 100%

= (7,000 - 5,700) / 7,000 * 100%

= 18.6%