Elitmus
Exam
Numerical Ability
Profit and Loss
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 %
Read Solution (Total 1)
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- 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)
So, the price of each pen = 36/40 = 0.9 Rs.
While selling he makes 1% discount from the marked price 1 Rs. Thus, he sells at 0.99 Rs.
Profit for a pen = 0.99 - 0.9 = 0.09
In percentage, profit = (0.09 / 0.9) x 100 = 10%
Answer = 10% - 6 years agoHelpfull: Yes(2) No(0)
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