65 Views

Question : A retailer buys 50 pens at the marked price of 44 pens. If he sells these pens at a discount of 1% on the marked price, what is the profit percentage?

Option 1: 10%

Option 2: 12.5%

Option 3: 12%

Option 4: 15%


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: 12.5%


Solution : Let the cost price of 1 pen be Re. 1.
Cost price for the retailer = $1\times 44 = 44 \ \mathrm{rupees}$
Marked price of the pens = $1\times 50 = 50 \ \mathrm{rupees}$
After giving 1% discount, selling price = 50 – 1% of 50 = 50 – 0.5 = 49.5
Profit = $49.5 - 44 = 5.5$
$\therefore$ Profit percentage = $\frac{5.5}{44}\times 100=12.5$%
Hence, the correct answer is 12.5%.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books