A shopkeeper sells a mixture of two types of tea at a profit of 20%. If the cost

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What’s inside this PDF?

Question: A shopkeeper sells a mixture of two types of tea at a profit of 20%. If the cost price of the mixture is $100, what is the selling price?

Options:

$120
$110
$130
$140

Correct Answer: $120

Solution:

Selling Price = Cost Price + Profit = 100 + (20% of 100) = 100 + 20 = $120.

A shopkeeper sells a mixture of two types of tea at a profit of 20%. If the cost

Practice Questions

A shopkeeper sells a mixture of two types of tea at a profit of 20%. If the cost price of the mixture is $100, what is the selling price?

$120
$110
$130
$140

Questions & Step-by-Step Solutions

A shopkeeper sells a mixture of two types of tea at a profit of 20%. If the cost price of the mixture is $100, what is the selling price?

Step 1: Identify the cost price of the mixture, which is $100.
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 $100 is $20.
Step 4: Add the profit to the cost price to find the selling price: $100 + $20 = $120.
Step 5: The selling price of the mixture is $120.

Profit Calculation – Understanding how to calculate selling price based on cost price and profit percentage.
Percentage Application – Applying percentage to a given value to find profit.

A shopkeeper sells a mixture of two types of tea at a profit of 20%. If the cost

What’s inside this PDF?

A shopkeeper sells a mixture of two types of tea at a profit of 20%. If the cost

Practice Questions

Questions & Step-by-Step Solutions

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