A man purchased 40 kg of cotton at a rate of Rs 65 per kg. then he extracted $20 %$ waste(by weight) from it so that the quality of the cotton improved and he was able to sell them at Rs.80 per kg. Also the waste had $60 %$ cotton seed by weight which he was able to sell Rs.20 per kg. what $%$ profit did he make?

8.65%

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1.24%

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1.47%

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2.13%

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Solution

The correct option is D 2.13%

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