A retailer gives a cash discount of 6% on an article listed 400 dollars.If the retailer is allowed 18% trade discount,what is th
e retailer's profit percent?
2 answers:
Answer: consumer discount reduces price to
400 - 400(.06) = 376
if the retailer bought the product with a 18% trade discount he or she paid 400 - 400(.18) = 328
the profit percent made is (376-328)/328 = .146341....
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