Multiple Choice Questions on A retailer buys 40 pens at the marked price of 36 pens from a wholesaler If he sells these pens givi........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A retailer buys 40 pens at the marked price of 36 pens from a wholesaler If he sells these pens givi...........

Quantitative Aptitude ( CCS) Profit and loss
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    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?

     

    10%
     

    Correct Answer

    22%
     

    Incorrect Answer

    25%
     

    Incorrect Answer

    26%

    Incorrect Answer
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    Explanation:

    Let the marked price of each pen be Re. 1.
    Then, C.P. of 40 pens = Rs. 36.
    S.P. of 40 pens = 99% of Rs. 40 = Rs. 39.60.
    ∴ Profit% = [3.60/36 x 100]% = 10%.

    By: Sandeep Dubey
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