Select the correct answerA trader mixes 30kg of rice at Rs 25 per kg with 20kg of rice of other variety at Rs 40 per kg and sells the mixture at Rs 35 per kg. Find the profit percent?Options12.90%11%13.67%17%
Question
Select the correct answerA trader mixes 30kg of rice at Rs 25 per kg with 20kg of rice of other variety at Rs 40 per kg and sells the mixture at Rs 35 per kg. Find the profit percent?Options12.90%11%13.67%17%
Solution
To solve this problem, we first need to calculate the cost price of the total mixture and then the selling price.
Step 1: Calculate the cost price of the total mixture The cost price of the 30kg rice at Rs 25 per kg is 3025 = Rs 750. The cost price of the 20kg rice at Rs 40 per kg is 2040 = Rs 800. So, the total cost price of the mixture is 750 + 800 = Rs 1550.
Step 2: Calculate the selling price of the mixture The trader sells the mixture at Rs 35 per kg. The total weight of the mixture is 30kg + 20kg = 50kg. So, the total selling price of the mixture is 50*35 = Rs 1750.
Step 3: Calculate the profit The profit is the selling price minus the cost price, which is 1750 - 1550 = Rs 200.
Step 4: Calculate the profit percent The profit percent is (profit/cost price)*100, which is (200/1550)*100 = 12.90%.
So, the correct answer is 12.90%.
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