Q. 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 ?

  • (A) 38 % profit
  • (B) 50 % profit
  • (C) no profit no loss
  • (D) none of the above
βœ… Correct Answer: (C) no profit no loss

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