A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 8% discount on the list price. The profit percent of the retailer is (1) 20% (2) 15% (3) 12% (4) 8%

A wholesaler allows a discount of 20% on the list price to a retailer.

1.	A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 8% discount on the list price. The profit percent of the retailer is (1) 20% (2) 15% (3) 12% (4) 8%
Answer» Correct option is (2) 15%

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A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 8% discount on the list price. The profit percent of the retailer is (1) 20% (2) 15% (3) 12% (4) 8%

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