Multiple Choice Questions on A Shopkeeper blends 2 varieties of tea one CP is Rs 50 and another one CP is Rs 100 per kg They........... for SSC CGL Exam Preparation

Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

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    A Shopkeeper blends 2 varieties of tea,  one CP is Rs.50 and another one CP is Rs.100 per kg. They were mixed in the ratio 7:2, if he sold the mixed variety at Rs.100 pkg, how much was his profit percentage ?

     

    63.54%
     

    Incorrect Answer

    63.63%
     

    Correct Answer

    63.36%
     

    Incorrect Answer

    66.36%

    Incorrect Answer
    Explanation:

    7*50 + 2*100 = 350+200 = 550
    7+2 = 9
    9*100 = 900
    [900-550/550]*100 = 63.63%


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