Multiple choice

I purchased 100 kg of tea and sold it for a profit to the extent of what I would have for 40 kg. What is my profit percentage?

  1. 40%

  2. 25%

  3. 30%

  4. 20%
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A Correct answer
Explanation

Profit = Selling Price - Cost Price. Profit = 40 units of cost. Profit percentage = (Profit / Cost Price) * 100. If profit is 40 units for 100 units of cost, the percentage is 40%.

AI explanation

Assume the cost price of 1 kg of tea is Rs. 1, making the total cost price for 100 kg equal to Rs. 100. The profit earned is the cost price of 40 kg, which is Rs. 40. Using the profit percentage formula, (Profit divided by Cost Price) multiplied by 100, we get (40 divided by 100) multiplied by 100. This results in a profit percentage of 40%.

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