A shopkeeper bought 20 kg of rice at Rs 55 per kg, 25 kg of rice at Rs 50 per kg, and 35 kg of rice at Rs 60 per kg. he spent a sum of Rs 150 on transportation. He mixed all the three types of rice and sold all the stock at Rs 62.56 per kg. His profit percent in the entire transaction is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 8.8
Total price of 20 kg of rice at Rs 55 per kg = 20 × 55 = 1100
Total price of 25 kg of rice at Rs 50 per kg = 25 × 50 = 1250
Total price of 35 kg of rice at Rs 60 per kg = 35 × 60 = 2100
Total cost = 1100 + 1250 + 2100 + 150 = 4600.
Total quantity = 20 + 25 + 35 = 80kg.
Total SP = 62.56 × 80 = 5004.8
Profit = 5004.8 - 4600 = 404.8
P = 404.8
Profit % = 404.8/4600 × 100 = 8.8%.