Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is the profit percent?
Answer
Answer (as printed):
Explanation
Let the marked price of each pen be ₹ 1. Then, C.P. of 40 pens $=₹ 36$. S.P. of 40 pens $=99 \%$ of $₹ 40=₹ 39.60$. $$\text { ∴ Profit } \%=\left(\frac{3.60}{36} \times 100\right) \%=10 \% \text {. }$$
Explanation as extracted from the printed page; notation may be imperfect.