Multiple choice

A trader mixes 48 kg of wheat at Rs. 22 per kg with 56 kg of wheat at Rs. 43 per kg and sells the mixture at Rs. 35 per kg. What will be the profit or loss percentage?

  1. 5.08% Loss

  2. 5.08% Gain

  3. 6.08% Gain

  4. 10.16% Loss

  5. 10.08% Gain
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost = (48 * 22) + (56 * 43) = 1056 + 2408 = 3464. Total quantity = 48 + 56 = 104 kg. Total selling price = 104 * 35 = 3640. Profit = 3640 - 3464 = 176. Profit % = (176 / 3464) * 100 = 5.08%.

AI explanation

The total cost price of the mixture is calculated as (48 kg times Rs. 22) plus (56 kg times Rs. 43), equaling 1056 plus 2408, which is Rs. 3464. The total quantity of the mixture is 48 plus 56, giving 104 kg. The total selling price is 104 kg times Rs. 35 per kg, yielding Rs. 3640. Using the profit percentage formula, the profit is 3640 minus 3464, giving Rs. 176. The profit percentage is (176 / 3464) times 100, which equals a 5.08% Gain.

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