a wholesaler allows discount of 20 % on the list price to a retailer. The retailer sells at 5%discount on the list price . If the costomer pays ₹ 38 for an article , what profit is made by retailer ?
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Answer:
Let MP = 100
CP to retailer = 80
SP to retailer = 95
Profit = 15
Customer paid = 38 , It means 95 = 38 , 100 = 40
If MP = 40
Profit = 40\times \frac{15}{100}=6
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