A seller combines 26 kg of rice priced at ₹20 per kg with 30 kg of rice priced at ₹36 per kg and sells the mixture for ₹30 per kg. What is the percentage of profit he makes? |
8 5 7 3 |
5 |
According to the question, Cost price of 26 kg of rice = 26 × 20 = Rs. 520 Cost price of 30 kg of rice = 30 × 36 = Rs. 1080 Total cost price of 56 kg of rice = 520 + 1080 = Rs. 1600 Selling price of 56 kg of rice = 56 × 30 = Rs.1680 Profit % = {[(SP - CP)/CP] × 100} = {[(1680 - 1600)/1600] × 100} = (80/1600) × 100 = 5% |