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A shopkeeper mixes two different varieties of Mangoes costing Rs. 100, Rs. 120 per kg in the ratio 4 : 2 in terms of weight and sells mixed mangoes at Rs. 115 per kg. What is his percentage of profit?

  1. 15.36%
  2. 11.23%
  3. 7.81%
  4. 9%

Answer (Detailed Solution Below)

Option 3 : 7.81%
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Detailed Solution

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GIVEN:

Cost of two different varieties of mangoes = Rs. 100 and Rs. 120 per kg

Ratio of mixture = 4 : 2

Selling price of Mangoes = Rs. 115 per kg

CALCULATION:

Let the shopkeeper bought = 4 + 2 = 6 kg

Cost price of 6 kg mangoes = 4 × 100 + 2 × 120 = Rs. 640

Selling price of 6 kg mangoes = 6 × 115 = Rs. 690

Profit = 690 – 640 = 50

Profit percentage =

= (50/640) × 100

= 7.81%
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