WBCS.LIVE practice question

A trader mixes 20 kg of rice of one variety priced at Rs. 52/kg with 60kg of rice another variety priced at Rs. 36/kg. If he sells that mixed rice at the price of Rs. 44/kg, find his percentage profit.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 10%
  2. 5%
  3. 6%
  4. 8%

Correct answer and explanation

Correct answer: 10%