Alok bought 25kg of rice at the rate of ₹ 6 per kg and 35 kg of rice at the rate of ₹ 7 per kg. He mixed the two and sold the mixture at the rate of ₹ 6.75 per kg. What was his gain or loss on the transaction?
A. ₹ 16 gain
B. ₹ 16 loss
C. ₹ 20 gain
D. None of these
Answer:D
Alok bought 25kg of rice at the rate of ₹ 6 per kg and 35 kg of rice at the rate of ₹ 7 per kg. He mixed the two and sold the mixture at the rate of ₹ 6.75 per kg. What was his gain or loss on the transaction?
A. ₹ 16 gain B. ₹ 16 loss C. ₹ 20 gain D. None of these