A trader mixes two varieties of tea costing Rs. 50/kg and Rs. 60/kg in the ratio 2:3. He sells the mixture at Rs. 67.20/kg. Find his profit percentage. MCQ with Answer and Explanation

Question

A trader mixes two varieties of tea costing Rs. 50/kg and Rs. 60/kg in the ratio 2:3. He sells the mixture at Rs. 67.20/kg. Find his profit percentage.

A. 25%

B. 20%

C. 15%

D. 18%

Answer: Option B

Solution (By JKSSB Mock Tests)

Cost of 5 kg mixture = (2 * 50) + (3 * 60) = 100 + 180 = 280. Cost per kg = 280 / 5 = 56. Selling Price = 67.20. Profit = 11.20. Profit percentage = (11.20 / 56) * 100 = 20%.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price.

A. Rs. 850

B. Rs. 900

C. Rs. 800

D. Rs. 825

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Correct Answer: Option D

Explanation:
SP = 600*1.1 = 660. MP = 660 / 0.8 = 825.

This question belongs to: Maths Profit And Loss

Question #2

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If the cost price of an article is Rs. 200 and the selling price is Rs. 240, what is the profit percentage?

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 40, profit% = 40/200*100=20%.

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Question #3

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Successive discounts of x% and 15% are equivalent to a single discount of 32%. What is the value of x?

A. 20

B. 22

C. 18

D. 15

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Correct Answer: Option A

Explanation:
Equivalent multiplier = (1 - x/100) * 0.85. 1 - 0.32 = 0.68. (1 - x/100) * 0.85 = 0.68. 1 - x/100 = 0.68 / 0.85 = 0.80. x/100 = 0.20. x = 20.

This question belongs to: Maths Profit And Loss

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