Question

A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 10% discount on the list price. If the customer paid Rs 108 for an article, what profit is made by the retailer?

Answer 1

Answer:

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Step-by-step explanation:

Lets wholesaler list prices is Rs100

Then wholesaler gives 20% discount to retailer.

Then selling price to retailer =100−20=Rs80

Retailer sell 5% to customer discount on list price =Rs5

Then, retailer selling price =100−5=Rs95

As per question, customer paid Rs114 to retailer

Then list price =

95

100×114

=120

Then C.P of retailer =

100

80×120

=96

Profit gain by retailer =114−96=Rs18

% of profit =

96

18×100

=18.75%