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Electrical Engineering

A dealer allows a discount of 40 % on the marked price to the retailer. The retailer sells at 10% below the marked price. If the customer pays Rs.38 for an article, what profit is made by the retailer on it?

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A dealer allows a discount of 40 % on the marked price to the retailer. The retailer sells at 10% below the marked price. If the customer pays Rs.38 for an article, what profit is made by the retailer on it?
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Let dealer marked price = 100%, Retailer's C.P = 60%

And the retailer sells at 10% less than the marked price =>S.P = 90%

If S.P of 90% of the retailer costs Rs.38 to customer,

So its C.P of 60% will cost 60*38/90 = 25

Profit made by the retailer = 38-25

= Rs.13
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