A wholesaler sells goods to a retiler at profilt of 20%. The retailer sells to the customs ,Who pays 80% more than the cost of the wholesaler . What is the relater's profit?
A
40%
B
50%
C
60%
D
70%
Correct Answer: 50%
Let cost of wholesaler = 100tk At 20% profit he sells = 120tk = the cost of retailer Retailer sell it for 80% profit on cost of wholesaler = 100 + 100×(80/100) = 180 tk Profit of retailer = 180 - 120 = 60 tk Percentage = (60×100)/120 = 50%