A whole seller gives 30 articles to a retailer at the MRP of 27 articles. The retailer sold these articles at marked price. Find percentage of the profit of the retailer.
Answer & explanation
Correct answer: option 1
Let the price of 1 article = Rs. 1
Cost price of 30 article = RS. 27
Selling price = Rs. 30
Profit % = \(\frac{3}{27}\) × 100 = 11.11%