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A trader takes 26 kg of jasmine rice, which sells at $20 per kg, and mixes it with 30 kg of long grained rice, which sells at $36 per kg.

If he sells the mixture at $30 per kg, what is his percentage profit?

 Jul 4, 2020
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His cost is:  26 kg x $20.00 / kg  +  30 kg x $36.00 / kg  =  $1600.00

 

He creates:  26 kg  +  30 kg  =  56 kg.

 

His income:  56 kg x $30.00 / kg  =  $1680.00

 

His profit:  $1680.00 - $1600.00  =  $80.00

 

His percentage profit:  $80.00 / $1600.00  =  0.05  =  5%

 Jul 4, 2020

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