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?

• 
  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%
  
• 9 years agoHelpfull: Yes(18) No(0)
• 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%
• 9 years agoHelpfull: Yes(13) No(2)
• 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%
  
• 9 years agoHelpfull: Yes(10) No(1)
• 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%
• 9 years agoHelpfull: Yes(5) No(10)
• formula for this is :
  (diff in items /total no of items)*100;
  so 4/40*100=10%
• 9 years agoHelpfull: Yes(2) No(0)
• 10% profit
• 9 years agoHelpfull: Yes(1) No(0)
• 10% profit
  
• 9 years agoHelpfull: Yes(0) No(1)
• 105 profit
  
• 9 years agoHelpfull: Yes(0) No(0)
• 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%
• 9 years agoHelpfull: Yes(0) No(0)
• 
  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%
• 8 years agoHelpfull: Yes(0) No(0)
• 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.
• 7 years agoHelpfull: Yes(0) No(0)