A trader procures his goods from a wholesaler, whose balance reads 1200 g for 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?

1)38% profit


3)no profit no loss

4)none of the above

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    no profit no loss

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  • Exam: Profit and Loss QUESTIONS

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