A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percentage is:
- 5%
- 16%
- 10%
- 8%
Explanation
Cost Price of 56 kg rice = Rs.
(26 × 20 + 30 × 36)
= Rs. (520+1082) = Rs.1600.
Selling Price of 56 kg rice = Rs.
(56 × 30)
= Rs. 1680.
Profit = Selling Price - Cost Price = 1680 - 1600.
Profit Percentage = Profit / Cost price × 100
= 800/1600 × 100 = 5%
Related MCQs
- 70%
- 75%
- 80%
- 85%
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