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    Question

    A man purchases 60 kg of wheat at ₹20 per kg and 40 kg

    of rice at ₹30 per kg. He mixes them and sells the mixture at ₹28 per kg. Find his percentage profit or loss.
    A 20% profit Correct Answer Incorrect Answer
    B 25.33% profit Correct Answer Incorrect Answer
    C 10% profit Correct Answer Incorrect Answer
    D 16.67% profit Correct Answer Incorrect Answer

    Solution

    Total cost = (60 × 20) + (40 × 30) = ₹2400.  Total selling price = 100 × 28 = ₹2800.  Profit % = ((2800 - 2400)/2400) × 100 = 16.67%.  Correct option: d

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