Multiple choice

A man purchased 10 pens and got 2 pens free. He marked the price 20% more than the CP. He did not allow any discount and sold all the 12 pens for this price. Find his profit percentage.

  1. 20%

  2. 40%

  3. 44%

  4. 50%

  5. 60%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP of 1 pen be 1. Total CP for 10 pens is 10. He sells 12 pens. Marked price is 1.2 per pen. Total SP = 12 * 1.2 = 14.4. Profit = 14.4 - 10 = 4.4. Profit percentage = (4.4 / 10) * 100 = 44%.

AI explanation

Assume the cost price (CP) of each pen is Rs. 10, making the total CP for the 10 purchased pens Rs. 100. He receives 2 pens free, giving him 12 pens in total, and marks them 20% above the CP, resulting in a selling price of Rs. 12 per pen. By selling all 12 pens at Rs. 12 each without discount, his total selling price becomes Rs. 144 against his initial investment of Rs. 100, yielding a 44% profit percentage.

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