Multiple choice

Tom, the famous trader of wheat, mixes 26 kilograms of wheat at Rs. 20 per kilogram with 30 kg of wheat of different quality at Rs. 36 per kilogram and sells the mixture at Rs. 30 per kilogram. What will be his profit percentage?

  1. 5%

  2. 6%

  3. 7%

  4. 8%

  5. 9%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total cost = (26 * 20) + (30 * 36) = 520 + 1080 = 1600. Total weight = 26 + 30 = 56 kg. Total revenue = 56 * 30 = 1680. Profit = 1680 - 1600 = 80. Profit % = (80 / 1600) * 100 = 5%.

AI explanation

The total cost price of the mixture is (26 kilograms multiplied by 20 rupees per kilogram) plus (30 kilograms multiplied by 36 rupees per kilogram), which equals 520 plus 1080 to give 1600 rupees. The total selling price is 56 kilograms multiplied by 30 rupees per kilogram, equaling 1680 rupees. Using the profit percentage formula, Profit Percentage equals (Profit divided by Cost Price) multiplied by 100, we find (80 divided by 1600) multiplied by 100 equals 5 percent.

Keep practicing — related questions