A trader mixes three varieties of groundnuts costing Rs 50, Rs 20 and Rs 30 per kg in the ratio 2 : 4 : 3 in terms of weight and sells the mixture at Rs 33 per kg What percentage of profit does he make?
A
8%
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B
9%
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C
10%
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D
None of these
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Solution
The correct option is C 10% Rs. 50,Rs. 20, Rs.30 per Kg in ratio 2:4:3 Then the cost of 1 Kg mixture=50×2+20×4+30×32+4+3 ⇒2709=30Rs. S.P.=33 Rs. Profit=33−30=3Rs. Profit percentage=330×100=10%