Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2005 · Marks: · Difficulty:
Nikita bought 30 kg of wheat at the rate of ₹ 9.50 per kg and 40 kg of wheat at the rate of ₹ 8.50 per kg and mixed them. She sold the mixture at the rate of ₹ 8.90 per kg. Her total profit or loss in the transaction was
(a)₹ 2 loss
(b)₹ 2 profit
(c)₹ 7 loss
(d)₹ 7 profit
Answer
Answer (as printed): A
Explanation
C.P. of 70 kg wheat $=₹(30 \times 9.50+40 \times 8.50)=₹(285+340)=₹ 625$. S.P. of 70 kg wheat $=₹(70 \times 8.90)=₹ 623$. ∴ Loss $=₹(625-623)=₹ 2$.
Explanation as extracted from the printed page; notation may be imperfect.