Question

a retailer buys 40 pens at the marked price of 36 pens from a wholeseller.if he sells these pens giving a discount of 1%.what is profit %

Answer 1

Let the marked price of each pen be 1 Rs.

Then he buys 40 pens at 36 Rs. (Since 40 pens at the marked price of 36 pens)

Now, Cost price of each pen = 36/40 = 0.9 Rs.

While selling he makes 1% discount from the marked price 1 Rs. Thus, Selling price = 1-0.01 = 0.99 Rs.

Profit for a pen = 0.99 - 0.9 = 0.09

Percentage profit = (Profit/Cost Price) x 100 = (0.09 / 0.9) x 100 = 10%