Madhya Pradesh Police Exam Model Paper 6

Given: Cost price of 3000 pens = 10500 Total defected pens = 500 Discount offered on remaining pens = 10% M.P. of each pen = 6 Formula used: Selling price = Marked Price – Discount % Profit = (Profit/Cost price) × 100 % Discount = (Discount/M.P.) × 100 Concept used: Profit/loss is always calculated on Cost Price Discount is always calculated on M.P. Calculation: Cost price of 3000 pens $= 10500$ C.P of each pen $= \frac{10500}{3000} = 3.5$ Total pens sold by the company $= 3000 - 500 = 2500$ M.P of each pen = 6 and discount = 10% S.P of each pen $= 6 - 10\% \text{ of } 6$ $\Rightarrow 6 - 0.6$ $\Rightarrow 5.4$ Total S.P of 2500 pens $= 5.4 \times 2500$ $\Rightarrow 13500$ Profit earned by company $= 13500 - 10500 = 3000$ Percent profit = (Profit/Cost price) × 100 $\Rightarrow \left(\frac{3000}{10500}\right) \times 100$ $\Rightarrow \frac{200}{7}$ $\Rightarrow 28\frac{4}{7}\%$ ∴ Company have gained a profit of $28\frac{4}{7}\% .$