A wholesaler allows a discount of 20% on the list price of an article to a retailer.The retailer sells it at 5% discount on the list price . If the customer pays Rs 38 for the article, what is the retailer"s profit
(please give the answer this question with solution) Chapter name is DISCOUNT
Let the list price be x
Discount = 20%
SP = 80x/100 = 4x / 5
Now the list price is 4x/5
Discount = 5%
SP = 19 / 20 * 4x / 5
= 19x / 25
19x / 25 = 38
x =( 38 * 25 ) / 19
x = 50
The retailer bought it at Rs 40
But the retailer sold it at Rs 38.
Loss = Rs2