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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:

A. No profit, no loss

B. 5%

C. 8%

D. 10%

E. None of these

Answer: Option B

Solution(By Examveda Team)

$$\eqalign{ & {\text{C}}{\text{.P}}{\text{. of 56 kg rice}} \cr & = {\text{ }}Rs.{\text{ }}\left( {26{\text{ }} \times {\text{ }}20{\text{ }} + {\text{ }}30{\text{ }} \times {\text{ }}36} \right) \cr & = {\text{ }}Rs.{\text{ }}\left( {520{\text{ }} + {\text{ }}1080} \right) \cr & = {\text{ }}Rs.{\text{ }}1600 \cr & {\text{S}}{\text{.P}}{\text{. of 56 kg rice}} \cr & = {\text{ }}Rs.{\text{ }}\left( {56{\text{ }} \times {\text{ }}30} \right) \cr & = {\text{ }}Rs.{\text{ }}1680 \cr & \therefore {\text{Gain}} = \left( {\frac{{80}}{{1600}} \times 100} \right)\% \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 5\% \cr} $$

This Question Belongs to Arithmetic Ability >> Profit And Loss

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