Profit and Loss Practice Test 2

Question : 26 of 40

Marks: +1, -0

A shopkeeper buys two varieties of rice. One variety costs him Rs. 27 per kg and other Rs. 30 perkg. He mixed them in the ratio of 5 : 3 and sells the blended variety at the rate of Rs. 30 per kg.What is his gain per cent?

5%
$6 2 / 3 %$
7%
8%

Validate

Solution:

C.P. of 1 kg blended variety

={5 ×27 +3× 30}/8

= Rs.

225/8

Gain =

30 -225/8

= Rs.

15/8

Hence, gain %

={15\/8}/{225\/8}×100=6 2/3%

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