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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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