Question

A man bought 20 kg of Nilgiri tea and 30 kg of Darjeeling tea. He mixed them together and sold it for 260 per kg. Find his profit or loss percent.

A. 10%
B. 15%
C. 20%
D. 25%

Answer 1

To find the profit or loss percent, we need to consider the cost price and the selling price. Calculate the total cost price of the individual types of tea, then calculate the selling price of the mixed tea. Finally, calculate the profit or loss percent using the formula.

Step-by-step explanation:

To find the profit or loss percent, we need to consider the cost price and the selling price.

The total cost price of 20 kg of Nilgiri tea and 30 kg of Darjeeling tea can be calculated by adding the cost of each type of tea: Cost Price = (20 kg of Nilgiri tea * cost per kg of Nilgiri tea) + (30 kg of Darjeeling tea * cost per kg of Darjeeling tea).

The selling price of the mixed tea is given as 260 per kg. The selling price of the entire quantity can be calculated as: Selling Price = (total weight of tea * selling price per kg).

The profit or loss percent can be calculated using the formula: Profit or Loss Percent = (Profit or Loss / Cost Price) * 100.

Now, let's calculate:

1. Calculate the total cost price.
2. Calculate the selling price of the mixed tea.
3. Calculate the profit or loss.
4. Calculate the profit or loss percent using the formula.