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Statement I: A dealer buys 200 quintals ...

Statement I: 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 then the profit percentage of dealer is 8%. Statement II: Profit percentage = `"Profit"/"CP" xx 100`

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