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Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 21224
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Profit and Loss
Q. Sagar purchased 10 kg of rice at the rate of Rs. 15 per kg and 25 kg of rice at the rate Rs. 14 per kg. He mixed the two and sold the mixture. Approximately at what rate per kg should he sell the mixture to make 40 % profit in the transaction?
- Published on 25 Apr 16
a.
Rs. 20.00
b.
Rs. 19.50
c.
Rs. 15
d.
Rs. 17.5
ANSWER: Rs. 20.00
Rice variety
Quantity(Kg)
Rate(Rs/Kg)
Cost(in Rs)
First
10
15
150
Second
25
14
350
Total
500
By 40% profit on cost price,
Selling price of mixture = 140/100 * 500
= Rs. 700
Therefore, selling price per kg of mixture = 700/35 = Rs. 20
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