Question
Quantitative Aptitude Question on Percentage
A trader buys 240 watches for 50,400 and he marks each of them at 320. He gives a discount of 15% on each watch and gives 1 watch free on a purchase of 5 watches. What is his minimum possible overall percentage of profit?
A
0.059
B
0.061
C
0.066
D
0.072
E
0.079
Answer
0.079
Explanation
Solution
The correct answer is option (E): 0.079