Join ExamsbookAnswer : 2. "Rs. 3"
A wholesale dealer allows a discount of 20 % on the marked price to the retailer. The retailer sells at 5% below the marked price. If the customer pays Rs.19 for an article, what profit is made by the retailer on it ?5
Q: A wholesale dealer allows a discount of 20 % on the marked price to the retailer. The retailer sells at 5% below the marked price. If the customer pays Rs.19 for an article, what profit is made by the retailer on it ?
- 1Rs. 4false
- 2Rs. 3true
- 3Rs. 5false
- 4Rs. 1false
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Answer : 2. "Rs. 3"
Explanation :
Answer: B) Rs. 3 Explanation: Let wholesaler dealers marked price = 100%, Retailer's C.P = 80% And the retailer sells at 5% less than the marked price => S.P = 95%If S.P of 95% of the retailer costs Rs.19 to customer,so its C.P of 80% will cost 80 x 19/95 = 16 Profit made by the retailer = 19-16 = Rs.3