A retailer buys a radio from the wholesaler for $ 75.00. He then marks up the price by 1/3 and sells it at a discount of 20% what wa his profit on the radio ?

A retailer buys a radio from the wholesaler for $ 75.00. He then marks up the price by 1/3 and sells it at a discount of 20% what wa his profit on the radio ? Correct Answer $ 5.00

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