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A trader procures his goods from a wholesaler, whose balance reads 1200 g from 1000 g . The trader sells all the procured goods to a customer after marking up the goods at 20% above the cost price. what is his overall percentage profit or loss in the whole transaction ?
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- 38 % profit
- 50 % profit
- no profit no loss
- none of the above
Correct Option: C
If CP be Rs. 1g, then he pay Rs. 1200 for 1000 g
Again he obtains Rs. 1200 for 1000 g (by selling at 20% profit) Thus there is no loss no gain.
