Quantitative Aptitude : Profit and Loss percentage calculation problem

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Profit or Loss percentage calculation from the given cost profit and selling price values.

Que. A man purchased 35 kg rice of Rs.525 and sells it at the
rate of Rs.18 per kg.What is the rate of profit or loss?

Ans. C.P of 1 kg rice= 525/35 = 15

S.P = 18

Profit =S.P – C.P = 18-15 = 3

Profit % = 3/15 *100 = 20

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