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A dealer buys 200 quintals of wheat at R...

A dealer buys 200 quintals of wheat at Rs. 1200 a quintal. He spends Rs. 10,000 on transportation and storage. Then he sells the wheat at Rs. 13 per kg. Find his profit or loss. Also calculate it as a percentage.

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Statement I: A dealer buys 200 quintals of wheat at Rs.1200 a quintal.He spends Rs.10,000 on transportation and storoge.Then he sells the wheat at Rs.13 per kg the profit percentage of dealer is 8% .Statement II: Profit percentage =( Profit )/(CP backslash)xx100

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