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Profit, Loss and Discount
A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of another variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
Correct answer: B
Explanation and memory cue
The total cost price (CP) of the mixture is calculated as (26 kg × Rs. 20) + (30 kg × Rs. 36) = Rs. 520 + Rs. 1080 = Rs. 1600. The total weight of the mixture is 26 + 30 = 56 kg. The selling price (SP) of the mixture is Rs. 30 per kg, so total SP = 56 × 30 = Rs. 1680. Profit = SP - CP = Rs. 1680 - Rs. 1600 = Rs. 80. Profit percent = (Profit / CP) × 100 = (80 / 1600) × 100 = 5%. Therefore, the correct profit percent is 5%, which corresponds to option B.