Discussion of Question with ID = 050 under Profit-and-Loss

This is the discussion forum for this question. If you find any mistakes in the solution, or if you have a better solution, then this is the right place to discuss. A healthy discussion helps all of us, so you are requested to be polite and soft, even if you disagree with the views of others. The question and its current solution has also been given on this page.

Advertisement

Question

A retailer buys an item of marked price Rs. 7100 at a discount of 5%. What will be his profit percentage(approx.) when he sells it at the marked price?

A

5% (approx.).

B

15% (approx.).

C

0% (approx.).

D

10% (approx.).

Soln.
Ans: a

The discount is 5 % of 7100 = ${5 × 7100}/100$ = Rs. 355. The cost to the retailer is $7100 - 355$ = Rs. 6745. The discount that he gets from the wholesaler becomes his profit = Rs. 355. So Profit% = ${355 × 100}/6745$ = 5%(approx.).


Comments and Discussion