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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 percent is:

Correct answer: B. 5%

  • A. No profit, no loss
  • B. 5%
  • C. 8%
  • D. 10%Educational Resources

Explanation

The total cost is 26 kg x Rs. 20/kg + 30 kg x Rs. 36/kg = Rs. 1,600, and the selling price is 56 kg x Rs. 30/kg = Rs. 1,680. Profit percent = (Rs. 1,680 - Rs. 1,600) / Rs. 1,600 x 100 = 5%; the likely wrong choice is no profit, no loss, from ignoring the different purchase prices.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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