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%
Answer (1)
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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