Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 21529

Q.  A man buys 50 pens at marked price of 46 pens from a whole seller. If he sells these pens giving a discount of 1% , what is the profit percent?
- Published on 05 May 16

a. 5.3 %
b. 7.6 %
c. 10.6 %
d. 12 %

ANSWER: 7.6 %
 
Let Marked price be Re. 1 each
C.P. of 50 pens = Rs. 46
S.P. of 50 pens = 99% of Rs. 50 = Rs. 49.50
Profit % = (Profit /C.P.) x 100
Profit% = (3.50/46) x 100 = 7.6 %

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