Saved Bookmarks
| 1. |
A wholesale dealer sell 40 pens at the MP of 36 pens and the retailer sells them to customer at 1% discount find its profit%? |
|
Answer» Answer: Retailer buys at 10% discount on marked price. Lets say the marked price is X. 36 pens will cost 36x. So buying price of each pen is 36x/40=9x/10=0.9x . SELLING price is at a discount of 1% on marked price x, that is, at 0.99x . So effectively the PROFIT per pen is selling price minus buying price 0.99x−0.9x=0.09x . THUS profit% is 0.09x/x∗100=9 . |
|