A wholesaler allows a discount of 20 % on the list price to the retailer. The retailer sells at 5% below the list price. If the customer pays Rs.19 for an article what profit is made by the retailer on it?
Correct answer: B
Explanation
If wholesaler's list price=100%, Retailer's CP=80% & SP=95%
If SP of 95% of the retailer costs Rs.19 to customer,so its CP of 80% will cost 80*19/95=16
Profit is made by the retailer=19-16=3 Rs.
B
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