A seller combines 26 kg of rice priced at ₹20 per kg with 30 kg of rice priced at ₹36 per kg and sells the mixture for ₹30 per kg. What is the percentage of profit he makes?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 5.
The total CP of the rice = 26 × 20 + 36 × 30 = 1600
The total SP of the rice = (26 + 30)30 = 1680
So, the profit percentage = (SP - CP/CP) × 100
[1680 - 1600)/1600] × 100 = 5%