Question

A wholesaler allow discount of 20% on the list price of an article to a retailer. the retailer sells it at 5% discount on the list price. if the customer pays Rs 38 for the article, what profit is made by the retailer​

Answer 1

Step-by-step explanation:

Let the list price of the article be Rsx

So, the retailer bought it from the wholesaler at (100−20)=80 % of x=Rs.0.8x

And the retailer sold it at (100−5)=95 % of x=Rs.0.95x

Given, 0.95x=Rs114

=>x=Rs120

So, for the retailer,

C.P..=Rs0.8x=Rs.0.8×120=Rs96

And given SP=Rs.114

=>Profit=S.P.−C.P.=Rs.114−Rs.96=Rs.18

Hence, profit % =

C.P.

S.P.−C.P.

×100=

96

18

×100=18.75 %

Answered By

toppr

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