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?

Question

Quizplus · Accepted Answer

The man effectively buys each pen at a discount (50 pens for the price of 46), which means he pays 46/50 of the marked price per pen. When he sells the pens with a 1% discount, he sells each pen at 99% of the marked price. The profit percent is calculated based on the difference between the selling price and the effective buying price, which results in a profit of 7.6%.

A Man Buys 50 Pens at Marked Price of 46