Question

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

Hint:

You can also solve this using the weighted average cost price: \(\frac{26 \times 20 + 30 \times 36}{56} = \frac{1600}{56} \approx 28.57\). Comparing this unit CP with the unit SP of \(30\) yields the same profit margin, but working with total values avoids messy fractions.

Answer 1

The Correct Option is B