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Question : 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?

Option 1: 30%

Option 2: 20%

Option 3: 25%

Option 4: 40%


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 10th Jan, 2024

Correct Answer: 40%


Solution : Let the price of 1 kg tea be Rs. 1.
Price of 100 kg = 100
Profit = 40 × 1 = 40
Profit percentage $=\frac{\text{Profit}}{\text{Cost price}}×100=\frac{40}{100}×100=40\%$
Hence, the correct answer is 40%.

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