Profit and loss

Quantitative Aptitude (CUET)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A retailer buys 40 pens at the market price of 36 pens from a wholesaler ,if he sells these pens giving a discount of 1% ,what is the profit % ?

10%

12%

15%

let the market price of each pen be Rs 1
then,C.P of 40 pens = Rs 36 S.P of 40 pens =99% of Rs 40=Rs 39.60
profit %=((3.60*100)/36) %=10%