Latest TCS Aptitude Question SOLUTION: A retailer buys 40 pens at a marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is his profit percent?

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A retailer buys 40 pens at a marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is his profit percent?

Asked In TCS sahitya (9 years ago)

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Arpan Balpande  (9 years ago)

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%

Is this solution Helpfull? Yes (18) | No   

anushakola  (9 years ago)

10% profit.
i.e. if the cost price of 40pens =36*x(where x is selling price of each pen)
so selling price of 40pens = 40x but he gives 1% discount therefore selling price is 39.6x hence the profit is 3.6x(39.6-36).profit%=(3.6x *100)/36x=10%

Is this solution Helpfull? Yes (13) | No (2)  

ankur gupta  (9 years ago)

let cost price of 1 pen is 36/40=.9
selling price=1-1%of 1 rs =.99
profit=.99-.9=.09
%profit=.09/.9*100=10%

Is this solution Helpfull? Yes (10) | No (1)  

srihitha muntimadugu  (9 years ago)

Let each pen costs 10 rupees
Then 10 pens cost 400 rupees
But retailer buys them for 360 rupees
Profit=Rs 40
Then profit%=(40*100)400=10%
Retailer sells pens at 1% discount
Then total profit is (10-1)%=9%

Is this solution Helpfull? Yes (5) | No (10)  

mounika  (9 years ago)

formula for this is :
(diff in items /total no of items)*100;
so 4/40*100=10%

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abhishek yadav  (9 years ago)

10% profit

Is this solution Helpfull? Yes (1) | No   

Ujjwal  (9 years ago)

10% profit

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Mohammed faiz ahmed  (9 years ago)

105 profit

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chila vinay kumar  (9 years ago)

here market price is the selling price or labeled price so
C.P of 40 pens = S.P of 36 pens
profit= (articles sold/ articles left)*100
profit=4/36 *100 =11.11%
here there is a discount of 1%
so overall is profit is 11.11-1=10.11%

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Abhishek nkumar  (8 years ago)

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

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

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VIVEK KUMAR  (7 years ago)

Let mark price be100X
As given in the question that
40 pens buy at M.P 100X
36 pens buy at M.P 100X*36/40=90X and this 90X is a cost price of the retailer.
In question, it is written that he sells this pens in 1% discount so,
S.P=100X - (1*100X/100) =99X.
profit= (s.p-c.p/c.p)*100= (99X-90X/90X) *100=10% answer.

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