Question

A retailer buys 30 pens from a wholesaler
at the marked price of 27 pens. If the
retailer sells the pens at the marked price,
his profit percent in the transaction is:​

Answer 1

Answer:

ok it's your solution

Answer 2

Profit percent in the transaction is $11\dfrac{1}{9}\%$.

Step-by-step explanation:

It is given that a retailer buys 30 pens from a wholesaler at the marked price of 27 pens.

CP of 30 pens = MP of 27 pens

The retailer sells the pens at the marked price.

CP of 30 pens = SP of 27 pens

$30CP=27SP$

$\dfrac{CP}{SP}=\dfrac{27}{30}$

The ratio of CP to SP is 27:30. Let CP adn SP of pens are 27x and 30 x representative.

Formula for profit

$Profit=\dfrac{SP-CP}{CP}\times 100$

$Profit=\dfrac{30x-27x}{27x}\times 100$

$Profit=\dfrac{3x}{27x}\times 100$

$Profit=\dfrac{1}{9}\times 100$

$Profit=11\dfrac{1}{9}$

Therefore, the profit percent in the transaction is $11\dfrac{1}{9}\%$.

#Learn more

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