A merchant mixes 40 kg of rice at Rs. 20/kg with 60 kg of rice at Rs. 30/kg. He sells the mixture at Rs. 31.20/kg. What is his profit percentage? MCQ with Answer and Explanation
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Question #1
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If the selling price of an article is Rs. 420 and the profit is 5%, find the cost price.
Correct Answer: Option B
Explanation:
CP = 420/1.05 = 400.
CP = 420/1.05 = 400.
This question belongs to:
Maths
Profit And Loss
Question #2
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A man buys 4 kg of apples for Rs. 160 and sells them at Rs. 50 per kg. What is the profit percentage?
Correct Answer: Option A
Explanation:
CP per kg = 160/4 = 40, SP = 50, profit = 10, profit% = 10/40*100 = 25%.
CP per kg = 160/4 = 40, SP = 50, profit = 10, profit% = 10/40*100 = 25%.
This question belongs to:
Maths
Profit And Loss
Question #3
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The cost price of 12 articles is equal to the selling price of 9 articles. Find the gain percent.
Correct Answer: Option B
Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 9 = 12 => SP of 1 = 12/9 = 4/3 = 1.333, gain=33.33%.
Let CP of 1 = 1, CP of 12 = 12, SP of 9 = 12 => SP of 1 = 12/9 = 4/3 = 1.333, gain=33.33%.
This question belongs to:
Maths
Profit And Loss
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