Knowee
Questions
Features
Study Tools

A shopkeeper mixed low-quality vegetable oil costing Rs. 40 per litre with sunflower refined oil costing Rs. 80 per litre in the ratio of 2 ∶ 3 respectively. If he sold the mixture at Rs. 100 per litre, find his profit percentage.42.75%47.50%51.50%56.25%None

Question

A shopkeeper mixed low-quality vegetable oil costing Rs. 40 per litre with sunflower refined oil costing Rs. 80 per litre in the ratio of 2 ∶ 3 respectively. If he sold the mixture at Rs. 100 per litre, find his profit percentage.42.75%47.50%51.50%56.25%None

🧐 Not the exact question you are looking for?Go ask a question

Solution

Step 1: Calculate the cost price of the mixture

The shopkeeper mixed the two types of oil in the ratio 2:3. This means for every 2 litres of low-quality oil, he added 3 litres of sunflower oil.

The cost of 2 litres of low-quality oil is 2 * Rs. 40 = Rs. 80 The cost of 3 litres of sunflower oil is 3 * Rs. 80 = Rs. 240

So, the total cost of the 5 litres of oil mixture is Rs. 80 + Rs. 240 = Rs. 320

Therefore, the cost price per litre of the mixture is Rs. 320 / 5 = Rs. 64

Step 2: Calculate the profit

The selling price of the mixture is Rs. 100 per litre. So, the profit per litre is Rs. 100 - Rs. 64 = Rs. 36

Step 3: Calculate the profit percentage

The profit percentage is calculated as (Profit / Cost price) * 100

So, the profit percentage is (Rs. 36 / Rs. 64) * 100 = 56.25%

Therefore, the shopkeeper made a profit of 56.25% on the oil mixture. So, the correct answer is 56.25%.

This problem has been solved

Similar Questions

If the cost price of an item is $840, the mark up is 15% and the discount is 10%, then find the profit percent. Ops: A. 6.2% B. 7% C. 3.5% D. 4.8% Q 05. The ratio of water and oil in a mixture of 72 litres is 11 : 13 . How many litres of water must be added to the mixture to make the ratio 5 : 4? Ops: A. 22.75 litres B. 19.56 litres C. 15.75 litres D. 14.89 litres

A mixture of wheat is sold at Rs.3 per Kg. This mixture is formed by mixing the Wheat of Rs.2.10 per kg and Rs.2.52 per kg. What is the ratio of price of cheaper to the costlier quality in the mixture if the profit of 25% is being earned

Anil Purchased 50kg vegetable at Rs.450, then sold them at the rate of Rs.7 per kg, find the profit %?20%21%22%22.22%

A shop keeper bought 30 kg. of wheat at the rate of Rs.45 per kg. He sold 40% of the total quantity at the rate of Rs.50 per kg. Approximately, at what price per kg should he sell the remaining quantity to make 25% overall profit?a.Rs.56b.Rs.50c.Rs.60d.Rs.54

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%

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.