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    A dealer buys 200 quintals of wheat at Rs.1,200 per quintal. He spends Rs.10,000 on transportation and storage. If he sells the wheat at Rs.13 per kg,
    Question

    A dealer buys 200 quintals of wheat at Rs.1,200 per quintal. He spends Rs.10,000 on transportation and storage. If he sells the wheat at Rs.13 per kg, then the profit percentage of the dealer is:

    A.

    3%

    B.

    1%

    C.

    2%

    D.

    4%

    Correct option is D

    Given:

    Cost price (CP) of wheat per quintal = Rs.1200 

    Quantity of wheat = 200 quintals

    Total transportation and storage cost = Rs.10000 

    Selling price (SP) of wheat per kg = Rs.13 

    Formula Used:

    Profit %=(ProfitTotal Cost Price)×100\text{Profit \%} = \left( \frac{\text{Profit}}{\text{Total Cost Price}} \right) \times 100​ 

    Solution:

    CP = (1200 ×\times​ 200) + 10000 = Rs. 250000 

    SP = 13 ×\times​ (200 ×\times​ 100) = Rs. 260000 

    Profit = 260000 - 250000 = 10000

    Profit %=(10000250000)×100\text{Profit \%} = \left( \frac{\text{10000}}{\text{250000}} \right) \times 100​ = 4%

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