A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells these pens giving…
Taking the marked price as 1 per pen, the cost of 40 pens is 36. Selling at a 1% discount gives \(40\times0.99=39.6\), so profit is 3.6 on a cost of 36, that is 10%.
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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 percentage?
Answer and explanation
Correct answer D
Taking the marked price as 1 per pen, the cost of 40 pens is 36. Selling at a 1% discount gives , so profit is 3.6 on a cost of 36, that is 10%.
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