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Niel bought 30kg rice at the rate of Rs.9.50/kg and 40kg of rice at the rate of Rs. 8.50/kg and mixed them. She told the mixture at the rate of Rs. 8.90/kg. Find the total profit or loss in the whole transaction.
Rs.4 profit
Rs.2 loss
Rs.2 profit
Rs.4 loss
Total CP = 30 *9.50 + 40 * 8.50 =625 Total SP = 8.9(30+40) =623 Loss = Rs.2
Hence, option 2 is the correct answer.
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