A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells the mixture at 9 for Rs. 20. Find his profit or loss percentage. MCQ with Answer and Explanation
A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells the mixture at 9 for Rs. 20. Find his profit or loss percentage.
A. Profit of 1.23%
B. No profit no loss
C. Loss of 1.23%
D. Loss of 2.5%
Answer: Option C
Solution (By JKSSB Mock Tests)
Buy 20 oranges of type 1 for Rs. 40. Buy 20 oranges of type 2 for Rs. 50. Total 40 oranges cost Rs. 90. Cost Price of 1 orange = 90 / 40 = 2.25. Selling Price of 9 oranges = 20. Selling Price of 1 orange = 20 / 9 = 2.222. Loss = 2.25 - 2.222 = 0.0277. Loss percentage = (0.0277 / 2.25) * 100 = 1.23% loss.
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