I purchase 100 kg of tea and sell it for a profit to the extent of what I would have paid for 40 kg. What is my profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 40%
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Understanding |
Application |
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Let the price of 100 kg tea is 100, |
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Hence price of 40 kg tea is 40 |