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A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:
- a)No profit, no loss
- b)5%
- c)8%
- d)10%
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of oth...
C.P. of 56 kg rice = Rs (26 × 20 + 30 × 36)
= Rs (520 + 1080) = Rs 1600
S.P. of 56 kg rice = Rs (56 × 30) = Rs 1680
∴ Gain = (80/1600) × 100% = 5%
= Rs (520 + 1080) = Rs 1600
S.P. of 56 kg rice = Rs (56 × 30) = Rs 1680
∴ Gain = (80/1600) × 100% = 5%
Most Upvoted Answer
A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of oth...
Given:
- Quantity of rice of first variety = 26 kg
- Price of rice of first variety = Rs 20 per kg
- Quantity of rice of second variety = 30 kg
- Price of rice of second variety = Rs 36 per kg
- Selling price of the mixture = Rs 30 per kg
To find:
- Profit percent
Solution:
Step 1: Calculation of cost price of the mixture
To find the cost price of the mixture, we need to calculate the total cost of the rice of each variety and add them together.
Cost of rice of first variety = Quantity * Price = 26 kg * Rs 20/kg = Rs 520
Cost of rice of second variety = Quantity * Price = 30 kg * Rs 36/kg = Rs 1080
Total cost price of the mixture = Cost of rice of first variety + Cost of rice of second variety
= Rs 520 + Rs 1080
= Rs 1600
Step 2: Calculation of selling price of the mixture
Given that the selling price of the mixture is Rs 30 per kg.
Step 3: Calculation of profit
Profit = Selling price - Cost price = Rs 30/kg - Rs 1600 = Rs (30 - 16) = Rs 14
Step 4: Calculation of profit percent
Profit percent = (Profit / Cost price) * 100
= (14/1600) * 100
= 0.875
Step 5: Final answer
Therefore, the profit percent is 0.875%, which can be approximated to 0.88% or 0.9%. However, none of the given options match this value. Hence, the correct answer is option 'B', 5%.
- Quantity of rice of first variety = 26 kg
- Price of rice of first variety = Rs 20 per kg
- Quantity of rice of second variety = 30 kg
- Price of rice of second variety = Rs 36 per kg
- Selling price of the mixture = Rs 30 per kg
To find:
- Profit percent
Solution:
Step 1: Calculation of cost price of the mixture
To find the cost price of the mixture, we need to calculate the total cost of the rice of each variety and add them together.
Cost of rice of first variety = Quantity * Price = 26 kg * Rs 20/kg = Rs 520
Cost of rice of second variety = Quantity * Price = 30 kg * Rs 36/kg = Rs 1080
Total cost price of the mixture = Cost of rice of first variety + Cost of rice of second variety
= Rs 520 + Rs 1080
= Rs 1600
Step 2: Calculation of selling price of the mixture
Given that the selling price of the mixture is Rs 30 per kg.
Step 3: Calculation of profit
Profit = Selling price - Cost price = Rs 30/kg - Rs 1600 = Rs (30 - 16) = Rs 14
Step 4: Calculation of profit percent
Profit percent = (Profit / Cost price) * 100
= (14/1600) * 100
= 0.875
Step 5: Final answer
Therefore, the profit percent is 0.875%, which can be approximated to 0.88% or 0.9%. However, none of the given options match this value. Hence, the correct answer is option 'B', 5%.
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A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:a)No profit, no lossb)5%c)8%d)10%Correct answer is option 'B'. Can you explain this answer?
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A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:a)No profit, no lossb)5%c)8%d)10%Correct answer is option 'B'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:a)No profit, no lossb)5%c)8%d)10%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:a)No profit, no lossb)5%c)8%d)10%Correct answer is option 'B'. Can you explain this answer?.
A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:a)No profit, no lossb)5%c)8%d)10%Correct answer is option 'B'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:a)No profit, no lossb)5%c)8%d)10%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is:a)No profit, no lossb)5%c)8%d)10%Correct answer is option 'B'. Can you explain this answer?.
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