If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?
Let the retail price be M and cost price be C.
0.85 M = 1.02 C
M = 1.2 C
If he wants 20% profit he has to sell at 1.2C, which is nothing but the retail price.
Create a FREE account and get: