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?
Correct Answer :
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 =
2. Second batch: 20 litres at ₹55 per litre.
Cost of second batch =
Total Cost Price (CP) =
Step 2: Calculate the Total Selling Price (SP)
Total quantity of mixture =
She sold the entire mixture of 50 litres at ₹54 per litre.
Total Selling Price (SP) =
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 =
Profit =
Thus, Priya made a Profit of ₹100.
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