Latest Elitmus Aptitude Question SOLUTION: a retailer buys 40 pens at the marked price of 36 pens from a wholeseller.if he sells these pens giving a discount of 1%.what is profit %

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(#M40164035) ELITMUS Numerical Ability question Keep an EYE

a retailer buys 40 pens at the marked price of 36 pens from a wholeseller.if he sells these pens giving a discount of 1%.what is profit %

Asked In Elitmus Sniper (7 years ago)

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Shubhangi verma  (6 years ago)

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)
So, the price of each pen = 36/40 = 0.9 Rs.
While selling he makes 1% discount from the marked price 1 Rs. Thus, he sells at 0.99 Rs.
Profit for a pen = 0.99 - 0.9 = 0.09
In percentage, profit = (0.09 / 0.9) x 100 = 10%
Answer = 10%

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