solve A wholesaler list price of a fan is 1200 and it is available to a retailer at a discount of 20% .for how much should the retailer sell it, to earn a profit of 20%?
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Find the cost price:
Wholesale price = Rs 1200
Discount = 20% of Rs 1200 = Rs 240
Price after discount = 1200 - 240 = Rs 960
⇒ The retailer can buy at a fan at the cost price of Rs 960
Find the Selling Price:
Profit = 20% of Rs 960 = 0.2 x 960 = Rs 192
Selling Price = 960 + 192 Rs 1152
Answer: The retailer should sell it at Rs 1152
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