Question

A grocer purchased 50 kg of rice at ₹40 per kg and 20 kg of another variety of rice at ₹55 per kg. He mixed the two varieties and sold the entire mixture at 48 per kg. Find his total profit or loss in this transaction.

• A. Loss of ₹260
• B. Loss of ₹240
• C. Profit of ₹260
• D. Profit of ₹290

Answer 1

Answer:

C. Profit of ₹260

Given:

• 50 kg of rice at ₹40/kg

• 20 kg of rice at ₹55/kg

• Sold the 70 kg mixture at ₹48/kg

Step 1: Calculate the total cost price

Cost of first variety:

$50 \times 40 =$₹2000

Cost of second variety:

$20 \times 55 = ₹1100$

Total Cost Price (CP):

$2000 + 1100 =$ ₹3100

Calculate the total selling price

Total quantity:

$50 + 20 = 70\text{ kg}$

Selling Price (SP):

$70 \times 48$= ₹3360
Find the profit

$\text{Profit} = SP - CP = 3360 - 3100$= ₹260