A retailer sets 220% of invoice price as cataloger price and offers 40% off on catalogue price in sales. What is his profit percentage ?

A retailer sets 220% of invoice price as cataloger price and offers 40% off on catalogue price in sales. What is his profit percentage ? Correct Answer 32%

Discount = 220 - (220x40)/100 = 220 - 88 = 132 So, profit = 132 - 100 = 32%
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