17. A grain merchant purchases 4 quintals of wheat for 1,600 and pays ? 20 for its.transport charges. He sells the wheat to a retailer at the rate of 4.5 per kg.Find out his gain percent.
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Answer:
11.11%
Step-by-step explanation:
Cost = 1600+20=1620
Sales = 4.5 * 400 = 1800
Gain = 1800-1620=180
Gain % = 180/1620*200 = 11.11%
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