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Aptitude · Q257

Profit And Loss

Competitive Exams · Aptitude · question 257

Q257

Nikita bought 30 kg of wheat at the rate of Rs. 9.50 per kg of wheat and the same amount of wheat at the rate Rs. 8.50 per kg and mixed them. She sold the mixture at the rate of Rs. 8.90 per kg. Her total profit or loss in the transaction was = ?

A.
Rs. 2 loss
B.
Rs. 2 profit
C.
Rs. 6 loss
Answer
D.
Rs. 6 profit

Answer: Option C

Solution

Answer: Option C
Solution:
According to the question
Cost Price
= 30 × 9.50 + 30 × 8.50
= 30[9.50 + 8.50]
= 30 × 18
= Rs. 540
Selling Price
= 60 × 8.90
= Rs. 534
Loss = Cost price - Selling price
= 540 - 534
= Rs. 6