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

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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.).

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