A trader mixes 26 kg of wheat at Rs. 20/kg with 30 kg of wheat at Rs. 36/kg and sells the mixture at Rs. 30/kg. What is his profit percentage? MCQ with Answer and Explanation

Question Report Error

A trader mixes 26 kg of wheat at Rs. 20/kg with 30 kg of wheat at Rs. 36/kg and sells the mixture at Rs. 30/kg. What is his profit percentage?

A. 5.6%

B. 6.25%

C. 5%

D. 4%

Answer: Option C

Solution (By JKExamLibrary)

Total Cost Price = (26 * 20) + (30 * 36) = 520 + 1080 = 1600. Total quantity = 56 kg. Total Selling Price = 56 * 30 = 1680. Profit = 80. Profit percentage = (80 / 1600) * 100 = 5%.

This question belongs to: Maths Profit And Loss

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1 Report Error

If the selling price of 12 articles is equal to the cost price of 15 articles, find the profit percent.

A. 30%

B. 20%

C. 25%

D. 15%

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Let CP of 1 = 1. CP of 15 = 15, SP of 12 = 15 => SP of 1 = 15/12 = 1.25, profit = 25%.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A person sold a watch for Rs. 960, gaining 20%. What was its cost price?

A. Rs. 840

B. Rs. 780

C. Rs. 820

D. Rs. 800

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
CP = 960/1.2 = 800.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price.

A. Rs. 150

B. Rs. 145

C. Rs. 140

D. Rs. 160

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
SP = 70% of CP => CP = 105 / 0.7 = 150.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs