Itinerant Retailers And Their Types

Who are itinerants? Name different types of itinerants.

Itinerant traders have been an integral part of internal trade in India. Analyse the reason for their survival in spite of competition from large-scale retailers.

A wholesaler sells toys at a profit of 20% to a retailer and retailer sells these toys to its customer at a profit of 25%. What is the profit percentage of the retailer?

What is the business between the retailer and the consumer under GSTIN known as ?

Differentiate between itinerants and fixed shop retailers.

Recent indications that the government is considering foreign direct investment in retail trade have sparked off a debate on the advisability and consequence of this policy Retail trade takes place through five types of outlets-Kirana shops, more modern retail shops, departmental stores, super markets and hyper markets. Kirana shops and retail shops are a feature of our landscape. Every village and town has them. They are usually family-owned and mass-managed. As generations pass and villages become small towns, Kirana shops graduate into modern retail outlets. When towns become cities, departmental stores appear. Super markets are the next stage in the evolution of retailing. They are viable only in the bigger cities. The fear expressed by some people is that allowing FDI in retail trade and the entry of international retailers could lead to a diminution of kirana shops and retail stores. Super markets came up much before modern retail stores in the big cities.

A wholesaler buys 20 pens at the marked price of 16 pens to a retailer.The retailer in turn sells them at the marked price.Determine the gain or loss percent to the retailer.20% b.23% c.25% d.30%