Question

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.

Answer 1

retailer cost=x + 20%

customer cost=x + 80%

Retailer percentage profit = customer cost - retailer cost

= x +80 - ( x + 20 )

= 60 % Retailer profit