A retailer bought 250 kg of a cereal and sold it at a profit to the extent of what he paid for 160 k...........

Quantitative Aptitude (MTS) Percentage

A retailer bought 250 kg of a cereal and sold it at a profit to the extent of what he paid for 160 kg. What is his profit percentage?

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SSC MTS 2nd Nov 2021 Shift-3

- The retailer purchases 250 kg of cereal. Let's assume the cost per kg is 'C'.

- Total cost of purchase = 250 x C.

- He sells the cereal at a profit equal to what he initially paid for 160 kg.

- Profit = Cost price of 160 kg = 160 x C.

- Profit percentage = (Profit / Total cost of purchase) x 100

- So, Profit percentage = [(160 x C) / (250 x C)] x 100 = 64%.

Option 2: 64 is the correct answer.

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