Question

A wholesaler allows a discount of 20 % on the list price of an article to a retailer. The retailer sells it at a 5% discount on the list price . If the customer pays rs 38 for the article what is the retailer's profit ?

PLZ URGENT

Answer 1

Let the list price be x

Discount = 20%

C.P of retailer = 80x/100 = 4x / 5

The retailer sold the item at Discount= 5% on the list price

Discount = 5%of x = 5x/100


S.P of retailer = x - 5x/100

= (100x - 5x) /100

S.P = 95x/100

19x / 20 = ₹ 38

x =( 38 × 20 ) / 19

x = 2× 20 = 40

The C.P of the retailer = 4x/5

=( 4×40) /5

= 4× 8 = 32

C.P of the retailer = ₹ 32

Retailer sold it = ₹ 38

Retailer earned a profit = S.P - C.P

= (38-32) = ₹ 6

Hence, the Retailer earned a profit =₹ 6

==================================================================
Hope this will help you...