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:
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
-
A4% profit
-
B5% profit
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C6% profit
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D5% loss
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ENone of these
Answer
Correct Answer: 5% profit
Explanation
Given Data
- Rice 1: 26 kg @ Rs. 20 per kg
- Rice 2: 30 kg @ Rs. 36 per kg
- Selling price of mixture = Rs. 30 per kg
- Required: overall profit percent on cost
Step 1: Compute total cost and total quantityTotal cost = 26 × 20 + 30 × 36 = 520 + 1080 = Rs. 1,600Total quantity = 26 + 30 = 56 kgAverage cost per kg = 1,600 ÷ 56 = Rs. 28.5714…
Step 2: Profit per kg and profit percentProfit per kg = SP − average CP = 30 − 28.5714… = 1.4286…Profit% on cost = (1.4286… ÷ 28.5714…) × 100 = 0.05 × 100 = 5% profit
Checks & Common Pitfalls
- Use weighted average cost; do not average the two prices arithmetically without weights.
- Ensure per-kg comparison (SP vs average CP) before percentage.
Final AnswerOverall profit = 5% profit.