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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?
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- 9%
- 10%
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10 1 % 9 - 11%
Correct Option: B
Let the marked price of each pen be y.
Total cost price of 40 pens = Total marked price of 36 pens = ₹ 36y
Selling price of 1 pen after 1% discount = (1 – 0.01)y = ₹ 0.99y
Selling price of 40 pens = 40 × 0.99y = ₹ 39.6y
Profit = SP - CP = 39.6y - 36y = ₹ 3.6y
| Profit % = | × 100 | |
| 36y |
| Profit % = | × 100 = 10% | |
| 36 |
