Two liquids are mixed in the ratio 3:2 and the vendor gains 10% by selling the mixture at $11/liter. If the first liquid costs $2 more than the second, find the cost price of first liquid.
A. $8
B. $10.8
C. $6
D. $8.8
E. $4
The OA is B.
Vendor gains 10% by selling the mixture at $11/liter i.e he sells the mixture at 110% cost,
so Cost of mixture = 11/(110%) = $10 liter.
Let x the cost of the first liquid, so the cost of second liquid = x - 2
so, cost of mixture = x*60%+(x-2)*40% = 10
0.6x+0.4x-0.8 = 10
x = 10.8. Option B.
Has anyone another strategic approach to solve this PS question? Regards!
Two liquids are mixed in the ratio 3:2 and the vendor gains
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Since the selling price of $11 per liter represents a profit of 10%, the cost per liter = $10.AAPL wrote:Two liquids are mixed in the ratio 3:2 and the vendor gains 10% by selling the mixture at $11/liter. If the first liquid costs $2 more than the second, find the cost price of first liquid.
A. $8
B. $10.8
C. $6
D. $8.8
E. $4
The cost of the first liquid is $2 more than the cost of the second liquid.
For the average cost per liter to be $10, the cost of the first liquid must be MORE THAN $10, while the cost of the second liquid must be LESS THAN $10.
Thus, the correct answer -- which represents the price of the first liquid -- must be more than $10.
The correct answer is B.
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- Scott@TargetTestPrep
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We can let 3n = the number of liters of the first liquid and 2n = the number of liters of the second liquid. Also, we can let x = the cost of the second liquid per liter and thus x + 2 = the cost of the first liquid per liter. We can create the following equation:AAPL wrote:Two liquids are mixed in the ratio 3:2 and the vendor gains 10% by selling the mixture at $11/liter. If the first liquid costs $2 more than the second, find the cost price of first liquid.
A. $8
B. $10.8
C. $6
D. $8.8
E. $4
1.1[3n(x+2) + 2nx]/(3n + 2n) = 11
[3nx + 6n + 2nx]/5n = 10
5nx + 6n = 50n
5x + 6 = 50
5x = 44
x = 8.8
Thus the first liquid costs 8.8 + 2 = $10.80 per liter.
Answer: B
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Dear Mitch,GMATGuruNY wrote:Since the selling price of $11 per liter represents a profit of 10%, the cost per liter = $10.AAPL wrote:Two liquids are mixed in the ratio 3:2 and the vendor gains 10% by selling the mixture at $11/liter. If the first liquid costs $2 more than the second, find the cost price of first liquid.
A. $8
B. $10.8
C. $6
D. $8.8
E. $4
The cost of the first liquid is $2 more than the cost of the second liquid.
For the average cost per liter to be $10, the cost of the first liquid must be MORE THAN $10, while the cost of the second liquid must be LESS THAN $10.
Thus, the correct answer -- which represents the price of the first liquid -- must be more than $10.
The correct answer is B.
While your solution is very logic, I tried to use the alligation which led me to different answer.
The cost is $10.
I used the alligation method as follows:
A.........2.......M..........3......B
First liquid/ Second liquid = 3/2 = 6/4 ( the difference is 2)
Where did I go wrong with using alligation? Can you help please.
Thanks