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A retailer bought 20 kg tea at a discount of 10%. Besides 1 kg tea was freely offered to him by the wholesaler at the purchase of 20 kg tea. Now he sells all the tea at the marked price to a customer. What is profit percentage of retailer?

1)30%

2)12%

3)16.66%

4)none of these


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    16.66%

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  • Exam: Profit and Loss QUESTIONS





    Let the MP of 1 kg tea be Re. 1 then CP of 20 kg with Discount =20×0.9=Rs.18
    Also 1 kg tea is free. So the retailer geta tea worth Rs. 21 by paying Rs.18 only.
    Profit % (goods left)/(goods sold)×100
    =(21-18)/18×100=16.66%
    (since the retailer earns Rs.3 on each Rs.18)


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