Question
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 ?
Answer: Option C
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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 = 39.60
`:.` profit % = `(3.60/36 xx 100)`% = 10%
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