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A wholesaler gives 21 oranges to the retailer at MRP of 14 oranges. If the retailer sells all the oranges at MRP, find his percentage profit.

A wholesaler gives 21 oranges to the retailer at MRP of 14 oranges. If the retailer sells all the oranges at MRP, find his percentage profit. Correct Answer 50%

Given:

A wholesaler gives 21 oranges to the retailer at MRP of 14 oranges.

Formula used:

Percentage profit = (SP – CP) × 100 / CP = Profit × 100 / CP

Calculation:

Let the MRP of each orange be Rs. 1

Wholesaler gives 21 oranges to the retailer at MRP of 14 oranges

∴ Cost price of 21 oranges for retailer = MRP of 14 oranges

⇒ Rs. 14

According to the question,

Retailer sells all the oranges at MRP

∴ Selling price of 21 oranges for retailer = MRP of 21 oranges

⇒ Rs. 21

Profit% for retailer = (SP – CP) × 100/ CP

⇒ (21 – 14) × 100 / 14

⇒ 700/14 = 50%

∴ Profit% is 50%

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