Question

A trader sells wheat at 20% above cost. Find the Profit percent he makes, when his balance weighs 20% more on a particular day.

Options

• 10%

• 15%

• 5%

• None of these

Answer 1

None of these

Explanation:

Let C.P. of wheat = ₹ 100/kg

S.P. = ₹ 120/kg

He is actually giving 20% more or 1.2 kg instead of 1 kg for S.P. of 1 kg. Cost Price of 1. kg = ₹ 120

It is a situation of no profit and no loss, because C.P. of 1.2 kg (amount he is actually giving) = S.P. of 1 kg (amount he is charging for).