I purchase 100 kg of tea and sell it for

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

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?

Options:

40%

25%

30%

20%

Correct Answer:

40%

Explanation:

According to the question

100 SP - 100 CP = 40 CP

100 SP = 140 CP

CP : SP = 100 : 140

Profit = 140 - 100 = 40