Question

A Retailer buys a radio from the whole saler for 75.00
He then marks up the price by 1/3 and sells it at
a discount of 20% what was his profit on the
radio (to the nearest paisa)?​

Answer 1

Answer:

Start with 75 initial value

75+75(1/3)=100 after 1/3 markup

100–100(0.2)=80 after 20% discount

$80 final value

80–75=5 profit

The retailer’s profit from buying and selling the radio is 5.