Profit and loss

Quantitative Aptitude ( CCS)

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Of the two varieties of rice available, variety A is bought at Rs.32 per kg and variety B at Rs.80 per kg. Two varieties of rice are mixed together in the respective ratio of 8:5 and the mixture is sold at Rs.72 per kg. What per cent of profit approximately the seller receives ?

50%

40%

30%

43%

Explanation:

Let 8 kg of first variety of rice and 5 kg of second variety is mixed.
CP of 13 kg of rice = (8*32 + 5*32) = Rs. 656
SP of 13 kg of rice = 72*13 = Rs.936
Profit = 936 – 656 = Rs.280
Profit% = (280/656)*100 = 43%

Hence, option 4 is the correct answer.

By: Amit Kumar

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