A wholesaler sells goods to a retailer at a profit of 20%.The retailer sells to the customer,who pays 80% more than the cost to the wholesaler.Find the retailer's percentage profit.
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retailer cost=x + 20%
customer cost=x + 80%
Retailer percentage profit = customer cost - retailer cost
= x +80 - ( x + 20 )
= 60 % Retailer profit
customer cost=x + 80%
Retailer percentage profit = customer cost - retailer cost
= x +80 - ( x + 20 )
= 60 % Retailer profit
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