Question
A shopkeeper sells the Pen at the discount of 30% on its
marked price while he gets the profit of 40% on cost price of the pen. A pen marked at Rs.18 is being sold for Rs.12, what is his profit percent?Solution
ATQ, Marked price of the pen = Rs. 18 Selling price (after giving discount of 30%) = 70% of 18 = Rs. 12.6 140% of cost price = 12.6 Cost price = Rs. 9 Now when it is sold for rupees 12 Profit% = (12-9)/9 Ă— 100 = 33.33%
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