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%
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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%.
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