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A retailer buys 16 kiwis from a wholesaler at MRP of a dozen kiwis. If the retailer sells all the kiwis at MRP, find his percentage profit.

A retailer buys 16 kiwis from a wholesaler at MRP of a dozen kiwis. If the retailer sells all the kiwis at MRP, find his percentage profit. Correct Answer 33.33%

Given:

Retailer buys 16 kiwis from the wholesaler at MRP of a dozen kiwis.

Formula used:

Percentage profit = × 100 = × 100

Calculation:

Let the MRP of each kiwi be Rs. 1

The retailer buys 16 kiwis from the wholesaler at MRP of 12 kiwis

∴ Cost price of 16 kiwis for retailer = MRP of 12 kiwis = Rs. 12

The retailer sells all the kiwis at MRP

∴ Selling price of 16 kiwis for retailer = MRP of 16 kiwis = Rs. 16

∴ Profit% for retailer =

=

= (4/12) × 100

= (1/3) × 100

= 33.33%

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