Profit and Loss Practice Test 1

Question : 25 of 40

Marks: +1, -0

A merchant buys 200 kilograms of rice at Rs. 1.25 per kilogram, 400 kilograms of rice at 75 paise per kilogram. He mixes them and sells one third of the mixture at one rupee per kilogram. At what rate should he sell the remaining mixture so that he may earn a profit of 25% on the whole outlay?

Rs. 1.20
Rs. 1.22
Rs. 1.30
Rs. 1.32

Validate

Solution:

C.P. of 600 kg rice = 200 × 1.25 + 400 × 0.75 = Rs. 550
S.P. of 600 kg of rice =

125 /100 × 550

= Rs. 687.50; S.P. of one-third mixture = 200 × 1 = Rs. 200
S.P. of remaining (400 kg) mixture = 687.50 – 200 = Rs. 487.50
Hence, S.P. of remaining 1 kg mixture

=487.50/400=1.22

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