Profit and Loss Practice Test 1

Question : 5 of 40

Marks: +1, -0

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 per cent?

Validate

Solution:

Let C.P. of each pen = Re. 1; then
C.P. of 40 pen = Rs. 36 and S.P. of 40 pens =

99/100

× Rs. 40 = Rs. 39.60
∴ Gain%

= {39.60- 36}/36×100 = 10%

Go to Question:

Prev Question

Next Question