A wholesaler sells goods to a retailer at a profit of 20%. The retailer sells to the customer, who pays 80% more than the cost of the wholesaler. What is the retailer‘s profit?

1. A wholesaler sells goods to a retailer at a profit of 20%. The retailer sells to the customer, who pays 80% more than the cost of the wholesaler. What is the retailer‘s profit?

[Assistant Programmer 2016 [MCQ] : 2016]

1. 40%

2. 50%

3. 60%

4. 70%

Answer

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