Exams › SSC CGL (Prelims) › General

A trader blends two varieties of tea costing Rs 120 per kg and Rs 150 per kg in the ratio 2 : 3. If the mixture is sold at Rs 151.80 per kg, find his profit or loss percentage.

1. 10% Gain
2. 12% Loss
3. 10% Loss
4. 15% Gain

Correct answer: 10% Gain

Solution

Average cost = (2x120 + 3x150)/5 = 690/5 = Rs 138 per kg. Selling at Rs 151.80 gives a profit of Rs 13.80, which is (13.80/138)x100 = 10% gain.

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