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A wholesaler gives 50 pens to the retailer at MRP of 45 pens. If the retailer sells all the pens at MRP, find his percentage profit.

A wholesaler gives 50 pens to the retailer at MRP of 45 pens. If the retailer sells all the pens at MRP, find his percentage profit. Correct Answer 11.11%

Given:

A wholesaler gives 50 pens to the retailer at MRP of 45 pens.

Formula used:

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

Calculation:

Let the MRP of each pen be Rs. 1

The wholesaler gives 50 pens to the retailer at MRP of 45 pens

 ⇒ Cost price of 50 pens for retailer = MRP of 45 pens = Rs. 45

The retailer sells all the pens at MRP

⇒ Selling price of 50 pens for retailer = MRP of 50 pens = Rs. 50

∴ Profit % for retailer = (SP – CP) × 100/ CP = (50 – 45) × 100 / 45

⇒ 500/45 = 11.11%

∴ The profit is 11.11%

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