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A wholesaler sells goods to a retailer at a profit of 20%. The retailer sells to the customer, who pays 80% more than the cost of the wholesaler. What is the retailer's profit?

A wholesaler sells goods to a retailer at a profit of 20%. The retailer sells to the customer, who pays 80% more than the cost of the wholesaler. What is the retailer's profit? Correct Answer 50%

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A wholesaler sells goods a retailer at a profit of 20%. The retailer sells to the customer, who pays 80% more than of the wholesaler. What is the retailers profit?
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