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A retailer buys 15 articles from a wholesaler at MRP of a 12 articles. If the retailer sells all the articles at MRP, find his percentage profit.

A retailer buys 15 articles from a wholesaler at MRP of a 12 articles. If the retailer sells all the articles at MRP, find his percentage profit. Correct Answer 25%

Given:

Retailer buys 15 articles from a wholesaler at MRP of a 12 articles.

Formula used:

Percentage profit = × 100 = × 100

Calculation:

Let the MRP of each article be Rs. 1

The retailer buys 15 articles from a wholesaler at MRP of a 12 articles.

∴ Cost price of 15 articles for retailer = MRP of 12 articles = Rs. 12

The retailer sells all the articles at MRP

∴ Selling price of 15 articles for retailer = MRP of 15 books = Rs. 15

∴ Profit% for retailer =

=

= 3/12 × 100

= 1/4 × 100

= 25%

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