A wholesaler allows a discount of 25 % on the list price to the retailer. The retailer sells at 5% below the list price. If the customer pays Rs.38 for an article what profit is made by the retailer on it?
If wholesaler's list price=100%, Retailer's CP=75% & SP=95%
If SP of 95% of the retailer costs Rs.38 to customer,so its CP of 75% will cost 75*38/95= 30
Profit is made by the retailer= 38 - 30 = 8
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