4. A wholesale dealer purchases wheat at *270 per quintal and sells at ₹350 per quintal. If his overhead expenses were 10 per quintal, then what was his profit per cent?

To find the profit percentage made by the wholesale dealer, we need to calculate the profit per quintal and then express it as a percentage of the cost price per quintal.

Given information:

Cost price per quintal = ₹270

Selling price per quintal = ₹350

Overhead expenses per quintal = ₹10

First, let's calculate the profit per quintal:

Profit per quintal = Selling price per quintal - (Cost price per quintal + Overhead expenses per quintal)

Profit per quintal = ₹350 - (₹270 + ₹10)

Profit per quintal = ₹350 - ₹280

Profit per quintal = ₹70

Now, we have the profit per quintal as ₹70. To find the profit percentage, we use the formula:

Profit percentage = (Profit per quintal / Cost price per quintal) * 100

Substitute the values into the formula:

Profit percentage = (₹70 / ₹270) * 100

Profit percentage = (70 / 270) * 100

Profit percentage ≈ 25.93%

Therefore, the profit percentage made by the wholesale dealer is approximately 25.93%. This means that for every quintal of wheat sold, the dealer makes a profit of around 25.93% of the cost price.

4. A wholesale dealer purchases wheat at *270 per quintal and sells at ₹350 per quintal. If his overhead expenses were 10 per quintal, then what was his profit per cent?​

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4. A wholesale dealer purchases wheat at *270 per quintal and sells at ₹350 per quintal. If his overhead expenses were 10 per quintal, then what was his profit per cent?