A retailer buys a radio from the wholesaler for $ 80.00 He then marks up the price by 1/2 and sells it at a discount of 20% What was his profit on the radio?

A retailer buys a radio from the wholesaler for $ 80.00 He then marks up the price by 1/2 and sells it at a discount of 20% What was his profit on the radio? Correct Answer $16.00

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