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Shyam KoppoJu

· started a discussion

· 1 Months ago

How the 10% is possible??? (Question: 101226.0 )

As the CP and SP are not given in question at all.

Question:

A wholesale dealer sell 40 pens at the M.P. of 36 pens and the retailer sells them to customer at 1% discount. Find its profit%?

Options:
A) 9% 
B) 11%  
C) 12% 
D) 10%
E) None of these
Solution:

Knowledge Expert

· commented

· 1 Months ago

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 * 100]%
= 10%.
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