Last visit was: 24 Apr 2024, 01:45 It is currently 24 Apr 2024, 01:45

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
Tags:
Show Tags
Hide Tags
User avatar
Manager
Manager
Joined: 07 Feb 2010
Posts: 101
Own Kudos [?]: 3941 [24]
Given Kudos: 101
Send PM
Most Helpful Reply
User avatar
Intern
Intern
Joined: 17 Apr 2010
Posts: 37
Own Kudos [?]: 90 [10]
Given Kudos: 12
Send PM
General Discussion
User avatar
Manager
Manager
Joined: 08 Sep 2010
Posts: 113
Own Kudos [?]: 748 [4]
Given Kudos: 21
Location: India
Concentration: Finance
 Q49  V19 GMAT 2: 620  Q44  V31
WE 1: 6 Year, Telecom(GSM)
Send PM
User avatar
Manager
Manager
Joined: 06 Jun 2009
Posts: 219
Own Kudos [?]: 160 [4]
Given Kudos: 0
Location: USA
WE 1: Engineering
Send PM
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
4
Kudos
(Cost Tea A) + (Cost Tea B) = (Cost New Tea)

25*x + 30*30 = 30/1.1 (x+30) = > x = 36

If cost of new tea is 30/1.1, then we can sell it at 30 for a 10% gain
avatar
Intern
Intern
Joined: 26 Aug 2016
Posts: 8
Own Kudos [?]: [0]
Given Kudos: 3
Send PM
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
Please I need to Know what went wrong in my solution


Price-Cost/Price=Profit Margin.

Hence, (900+30X)-(25x+900)/(900+30X)=10/100
so x = 45
Founder
Founder
Joined: 04 Dec 2002
Posts: 37301
Own Kudos [?]: 72864 [2]
Given Kudos: 18857
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3
Send PM
HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
2
Kudos
Expert Reply
AhmedMera wrote:
Please I need to Know what went wrong in my solution


Price-Cost/Price=Profit Margin.

Hence, (900+30X)-(25x+900)/(900+30X)=10/100
so x = 45



Try backsolving - it is a good skill to practice and I think makes solving this question a lot easier

Our goal is to get to $27 per kg (approx) or 30/11 (This is the hardest part to figure out)
36kg*$25 + 30kg*$30 = $1800
$1800/66kg = 300/11
RC & DI Moderator
Joined: 02 Aug 2009
Status:Math and DI Expert
Posts: 11161
Own Kudos [?]: 31878 [2]
Given Kudos: 290
Send PM
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
2
Kudos
Expert Reply
AhmedMera wrote:
Please I need to Know what went wrong in my solution


Price-Cost/Price=Profit Margin.

Hence, (900+30X)-(25x+900)/(900+30X)=10/100
so x = 45


Hi,

You have gone wrong in your denominator..
Profit is always on COST, so profit = ( selling price -cost price)/ cost price..
(900+30x)-(25x+900)/(25x+900)= 10/100..
5x/25x+900 =1/10....50x=25x+900....25x=900....x=36...
Intern
Intern
Joined: 21 Dec 2014
Posts: 7
Own Kudos [?]: 110 [2]
Given Kudos: 32
Send PM
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
1
Kudos
1
Bookmarks
Quote:
HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA WORTH RS.30/KG SO THAT BY SELLING THE BLENDED VARIETY AT RS.30/KG THERE SHOULD BE A GAIN OF 10%

A) 36
B) 40
C) 32
D) 42
E) 45


Just figure out the last part and consider the question done.

So the last part says " BY SELLING THE BLENDED VARIETY AT RS.30/KG THERE SHOULD BE A GAIN OF 10% "
=> \(30 = 1.1x => x = 300/11\) where x is cost price of blended tea

Using weighted avgs : \(25-------------------300/11-------------------30\)
Ratio of TEA WORTH RS.25/KG to TEA WORTH RS.30/KG = \((30 - 300/11) / (300/11 - 25) = 6/5\)
So KGS OF TEA WORTH RS.25/KG = \(30 * 6/5 =36\)

Answer : A



___________________________________________________
+1 KUDOS if you like the solution
Board of Directors
Joined: 17 Jul 2014
Posts: 2163
Own Kudos [?]: 1180 [0]
Given Kudos: 236
Location: United States (IL)
Concentration: Finance, Economics
GMAT 1: 650 Q49 V30
GPA: 3.92
WE:General Management (Transportation)
Send PM
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
anilnandyala wrote:
HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA WORTH RS.30/KG SO THAT BY SELLING THE BLENDED VARIETY AT RS.30/KG THERE SHOULD BE A GAIN OF 10%

A) 36
B) 40
C) 32
D) 42
E) 45


the wording is very confusing, what is RS???

my approach...
suppose we have 40 kgs of tea which costs 0.25$/kg
total revenue - 10$
we have 30kgs of tea which costs 0.3$/kg
total revenue - 9$
total - 19$
19 = 100%
1.9 = 10%
total new revenue = 20.9 must be.
40+30 = 70. 70*0.3 = 21 - too big. need a smaller number - B, D, and E are out.
since the difference is not that big (0.1$ only), we should look for a number that is slightly less than 40.

we are left with A and C...one more testing to do...
let's take A
36*0.25 = 9$
30*0.3 = 9$
total = 18$
+10% = 19.8$

now..36+30 = 66.
66*0.3 = 19.8$ - we have a match...
A must be the answer.
Intern
Intern
Joined: 27 Oct 2016
Posts: 19
Own Kudos [?]: 7 [1]
Given Kudos: 233
Send PM
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
1
Kudos
Profit % = (Profit/CP) x 100

Profit = S.P-C.P = 30 ( x + 30 ) - (25x + 900) assuming x to be quantity to find out

so final equation becomes

10 = {30 ( x + 30 ) - (25x + 900)/(25x + 900)} x 100

solving above equation, we will get x=36
User avatar
Non-Human User
Joined: 09 Sep 2013
Posts: 32639
Own Kudos [?]: 821 [0]
Given Kudos: 0
Send PM
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
Re: HOW MANY KGS OF TEA WORTH RS.25/KG MUST BE BLENDED WITH 30 KGS OF TEA [#permalink]
Moderators:
Math Expert
92893 posts
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne