A shopkeeper sells a mixture of two types of nuts at a profit of 20%. If the cos

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What’s inside this PDF?

Question: A shopkeeper sells a mixture of two types of nuts at a profit of 20%. If the cost price of the mixture is $50, what is the selling price?

Options:

Correct Answer: $60

Solution:

Selling Price = Cost Price + Profit = 50 + (20% of 50) = 50 + 10 = $60.

A shopkeeper sells a mixture of two types of nuts at a profit of 20%. If the cos

Practice Questions

A shopkeeper sells a mixture of two types of nuts at a profit of 20%. If the cost price of the mixture is $50, what is the selling price?

Questions & Step-by-Step Solutions

A shopkeeper sells a mixture of two types of nuts at a profit of 20%. If the cost price of the mixture is $50, what is the selling price?

Step 1: Identify the cost price of the mixture, which is $50.
Step 2: Calculate the profit percentage, which is 20%.
Step 3: Find the amount of profit by calculating 20% of the cost price: 20% of $50 is $10.
Step 4: Add the profit to the cost price to find the selling price: $50 (cost price) + $10 (profit) = $60.
Step 5: The selling price of the mixture is $60.

Profit Calculation – Understanding how to calculate selling price based on cost price and profit percentage.

A shopkeeper sells a mixture of two types of nuts at a profit of 20%. If the cos

What’s inside this PDF?

A shopkeeper sells a mixture of two types of nuts at a profit of 20%. If the cos

Practice Questions

Questions & Step-by-Step Solutions

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