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 of the wholesaler. What is the retailer's profit?
Created: 6 years ago |
Updated: 2 years ago
best des
Let the cost of the wholeselle be W.
Then, Buying price of the retailer = 1.2W
The customer pays = W + 0.8W = 1.8W
So, profit of the retailer = (1.8 - 1.2)/1.2 x 100% = 50%
Md Azizur Rahman
Founder of Satt
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