Question : A shopkeeper bought 20 kg of rice at Rs. 55 per kg, 25 kg at Rs. 50 per kg and 35 kg of rice at Rs. 60 per kg. He spent a sum of Rs. 150 on transportation. He mixed all three types of rice and sold all the stock at Rs. 62.56 kg. His profit percent in the entire transaction is:
Option 1: 8.8
Option 2: 12.5
Option 3: 10.5
Option 4: 9.2
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 8.8
Solution : Given, Rate of Rice of quality 1 = Rs. 55 Quantity = 20 kg Rate of Rice of Quality 2 = Rs. 50 Quantity = 25 kg Rate of Rice of quality 3 = Rs. 60 Quantity = 35 kg Money spent on transportation = Rs. 150 Selling price of mixed Rice = Rs. 62.56 We know, Profit = Selling price - Cost price Profit% = $\frac{\text{profit}}{\text{cost price}} × 100$ The cost price of Rice of quality 1 = 55 × 20 =Rs. 1100 The cost price of Rice of quality 2 = 50 × 25 = Rs. 1250 The cost price of Rice of quality 3 = 60 × 35 = Rs. 2100 Total quantity of mixed rice = 20 + 25 + 35 = 80 Kg Final cost price including transportation = 1100 + 1250 + 2100 + 150 = Rs 4600 ⇒ Cost price of 1 kg of mixed rice = $\frac{4600}{80}$ = Rs. 57.5 The selling price of 1 kg of mixed rice = Rs. 62.56 Profit = 62.56 - 57.5 = Rs. 5.06 ⇒ Profit% = $\frac{5.06}{57.5} × 100$ = 8.8% Hence, the correct answer is 8.8.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : Sourav purchased 30 kg of rice at the rate of Rs. 10 per kg and 35 kg at the rate of Rs. 11 per kg. He mixed the two. At what price per kg (in Rs.) should he sell the mixture to make a 30% profit in the transaction?
Option 1: 12.5
Option 2: 13
Option 3: 13.7
Option 4: 14.25
Question : A dishonest shopkeeper sells mangoes at INR 30 per kg, bought at INR 20 per kg, and he is giving 800 g instead of 1 kg. The shopkeeper's actual profit percentage is:
Option 1: 75%
Option 2: 37.5%
Option 3: 50%
Option 4: 87.5%
Question : Ramesh claims that he is selling onions at Rs. 36 per kg, which costs him Rs. 40 per kg, but he gives 800 grams instead of 1 kg. Find Ramesh’s percentage of gain or loss.
Option 1: Gain 13.5%
Option 2: Loss 13.5%
Option 3: Loss 12.5%
Option 4: Gain 12.5%
Question : Rice worth Rs.126 per kg and Rs.135 per kg are mixed with a third variety in the ratio of 1 : 1 : 2. If the mixture is worth Rs.153 per kg, then the price of the third variety per kg (in Rs.) is:
Option 1: 182.5
Option 2: 195.5
Option 3: 133.5
Option 4: 175.5
Question : A trader bought 640 kg of rice. He sold a part of the rice at a 20% profit and the rest at a 5% loss. He earned a profit of 15% in the entire transaction. What is the ratio of the quantity of rice that he sold at a loss of 5% to that of the quantity that he sold at a profit of 20%?
Option 1: 1 : 3
Option 2: 4 : 1
Option 3: 1 : 4
Option 4: 3 : 1
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile