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Discussion :: Profit and Loss

  1. Ayaan bought 30 kg of rice at the rate of Rs 9.50/ kg and 40 kg rice at the rate of Rs 8.50/kg and mixed them. He sold the mixture at the rate of Rs. 8.90/kg. Find his total profit or loss in the transaction.

    2. A.
    Rs 2 loss
    B.
    Rs 5 profit
    C.
    Rs 2 profit
    D.
    Rs 7 loss

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    Answer : Option A

    Explanation :

    The total cost price = 30* 9.5 + 40* 8.5 = 625
    The total selling price = 8.9(30+40) = 623

    cost price> selling price = Loss
    Hence, the total loss in this transaction = 625-623= Rs 2

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