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? A. 10% B. 22% C. 25% D. 26%

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? A. 10% B. 22% C. 25% D. 26%
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1 Answer

Answer :

Answer – A (10%)

Explanation – 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 x 100]% = 10%.
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