Question Details

Priya purchased 30 litres of honey at ₹50 per litre. She also purchased 20 litres of honey at ₹55 per litre. She combined both quantities and then sold the entire mixture at ₹54 per litre. What was her total profit or loss?

Options

A

Loss of ₹60

B

Profit of ₹100

C

Profit of ₹120

D

Loss of ₹120

Show Answer

Correct Answer :

Option B

Profit of ₹100

Solution :

The correct option is Profit of ₹100.

To find whether Priya made a total profit or loss, we need to calculate the total cost price (CP) of the combined honey mixture and compare it with the total selling price (SP).

Step 1: Calculate the Total Cost Price (CP)

Priya bought two different batches of honey:

1. First batch: 30 litres at ₹50 per litre.
Cost of first batch = 30×50=1500

2. Second batch: 20 litres at ₹55 per litre.
Cost of second batch = 20×55=1100

Total Cost Price (CP) = 1500+1100=2600

Step 2: Calculate the Total Selling Price (SP)

Total quantity of mixture = 30+20=50 litres

She sold the entire mixture of 50 litres at ₹54 per litre.
Total Selling Price (SP) = 50×54=2700

Step 3: Determine Profit or Loss

Since the total Selling Price (SP) is greater than the total Cost Price (CP), there is a profit.

Profit = SP-CP

Profit = 2700-2600=100

Thus, Priya made a Profit of ₹100.

Unlock Our Free Library

Access expert-curated educational resources and study materials—completely free.

Discover more resources

You may also like

Mock Tests

View All
  • CTET
  • intermediate
  • No time limit
  • child development and pedagogy, mathematics, social science

  • SSC
  • intermediate
  • 2 hours and 30 mins
  • child development and pedagogy, mathematics, social science

Ask AI Tutor
5 left
Q1 View Question & Options
AI Tutor is solving this question...
Reading question context & options...