Allied & ICAR Exam Bank • ALLIED_1797 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A merchant mixes two varieties of edible oil costing Rs 90/liter and Rs 120/liter in the ratio 3:2 and sells the mixture at Rs 112.20/liter. His percentage profit is:

Options:

  • (A) 10%
  • (B) 8%
  • (C) 12%
  • (D) 15%

Answer Key:

A

Step-by-Step Solution & Explanation

Cost price $= (3 \times 90 + 2 \times 120) / 5 = (270 + 240) / 5 = 102$ Rs/liter. Profit $= (112.20 - 102) / 102 = 10.2 / 102 = 10\%$.
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