A retailer makes a profit of 5% by selling a fan for Rs 735 at what price did he purchase the fan

The response options are:

A. Retailer

B. Broker

C. Agent

D. Merchant wholesaler

The correct answer is: A. Retailer.

Explanation:

A retailer is a seller of items in small quantities, circumstance implies a trade towards an end consumer. The retailer buys products in quantity, a circumstance that usually implies a lower price, and sells them in small quantities to profit from the difference. Retail trade is largely responsible for the distribution of food and basic necessities that we can consume; indeed, they are produced in large quantities in specific places; Subsequently, retailers will be responsible for establishing points of sale to the general public, points of sale located in various geographical regions.