A retailer buys 40 pens at the marked price of 36 pens from a wholesal – McqOptions

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1.	A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is the profit percent?
A.	9%
B.	10%
C.	<table><tr><td rowspan="2">10</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">9</td></tr></table>
D.	11%
Answer» C. <table><tr><td rowspan="2">10</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">9</td></tr></table>

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