A dealer sells a grain whose C.P is Rs. 50/kg at Rs 60/kg. First day by replacing it by a substitute of Rs. 40/kg and second day selling the pure grain. What is the ratio of profit % of the two days?
Correct Answer: Option D
C.P = Rs 40/kg
S.P = Rs. 60/kg
Profit % = \(\frac{{S.P - CP}}{{CP}} \times 100\)
\(= \frac{{20}}{{40}} \times 100 = 50\)%
Day 2 C.P = Rs. 50/kg
S.P = Rs. 60/kg
Profit % = \(\frac{{S.P - C.P}}{{C.P}} = \frac{{10}}{{50}} \times 100 = 20\)%
⇒ Ratio of profit for day 1 and 2 = 50 : 20 = 5 : 2
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