A mixture of two types of tea costs $5 per kg and $7 per kg. If a mixture of 10

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Question: A mixture of two types of tea costs $5 per kg and $7 per kg. If a mixture of 10 kg is made and sold for $6 per kg, what is the profit or loss?

Options:

Correct Answer: $5

Solution:

Cost of mixture = 10 kg * $6 = $60. Selling price = 10 kg * $6 = $60. Profit = $60 - $60 = $0.

A mixture of two types of tea costs $5 per kg and $7 per kg. If a mixture of 10

Practice Questions

A mixture of two types of tea costs $5 per kg and $7 per kg. If a mixture of 10 kg is made and sold for $6 per kg, what is the profit or loss?

Questions & Step-by-Step Solutions

A mixture of two types of tea costs $5 per kg and $7 per kg. If a mixture of 10 kg is made and sold for $6 per kg, what is the profit or loss?

Step 1: Calculate the total cost of the mixture. Since the mixture is 10 kg and sold for $6 per kg, multiply 10 kg by $6.
Step 2: Total cost of the mixture = 10 kg * $6 = $60.
Step 3: Calculate the total selling price. The selling price is also 10 kg at $6 per kg.
Step 4: Total selling price = 10 kg * $6 = $60.
Step 5: Determine profit or loss by subtracting the total cost from the total selling price.
Step 6: Profit or Loss = Total Selling Price - Total Cost = $60 - $60 = $0.

Cost and Selling Price Calculation – Understanding how to calculate the total cost of a mixture and its selling price to determine profit or loss.
Profit and Loss Analysis – Analyzing the difference between total cost and total revenue to assess financial outcome.

A mixture of two types of tea costs $5 per kg and $7 per kg. If a mixture of 10

What’s inside this PDF?

A mixture of two types of tea costs $5 per kg and $7 per kg. If a mixture of 10

Practice Questions

Questions & Step-by-Step Solutions

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