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Mr X bought two varities of rice , costing 5 cents per ounce and 6 cents per ounce each, and mixed them in some ratio.Then he sold the mixture at 7 cents per ounce , making a profit of 20 percent. what was the ratio of the mixture ??
A.1:10
B.1:5
C.2:7
D.3:8
E.5:7
What is the easiest solution in shortest possible time ??
hi faria66
I said suppose he uses x of the first and y of the second, then the cost is 5x + 6y
He sells (x+y) at 7 so his sales come to 7x + 7y
So (5x+6y) times 120/100 = 7x + 7y
From this work out x/y
Took about 1 minute, longer to write down.
Bob
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