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A wholesaler gives 20 oranges to the retailer at MRP of 16 oranges. If the retailer sells all the oranges at MRP, find his percentage profit.

A wholesaler gives 20 oranges to the retailer at MRP of 16 oranges. If the retailer sells all the oranges at MRP, find his percentage profit. Correct Answer 25%

Given:

A wholesaler gives 20 oranges to the retailer at MRP of 16 oranges.

Formula used:

Percentage profit = × 100 = × 100

Calculation:

Let the MRP of each orange be Rs. 1

The wholesaler gives 20 oranges to the retailer at MRP of 16 oranges

∴ Cost price of 20 oranges for retailer = MRP of 16 oranges = Rs. 16

The retailer sells all the oranges at MRP

∴ Selling price of 20 oranges for retailer = MRP of 20 oranges = Rs. 20

∴ Profit% for retailer =

=

= 400/16 = 25%

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