New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A shopkeeper purchases rice of two varieties ‘A’ and

    ‘B’ at Rs. 45 per kg and Rs. 27 per kg respectively. He mixes 1 kg of variety ‘A’ rice with 2 kg of variety ‘B’ rice and sells the mixture at Rs. 44 per kg. What is his profit percent?
    A 33.33% Correct Answer Incorrect Answer
    B 44.44% Correct Answer Incorrect Answer
    C 55.55% Correct Answer Incorrect Answer
    D 23.33% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cost price of 3 kg of the rice mixture = 45 + 27 × 2 = Rs. 99 Cost price of 1 kg of the rice mixture = 99 ÷ 3 = Rs. 33 So, profit percentage = (44 – 33) ÷ 33 × 100 = 33.33%

    Practice Next