Question

a retailer buys a radio from the wholesaler for $75.he then marks up the price by 1/3 and sells it at a discount of 20%.what was his profit on the radio?

Answer 1

4.99 i think aha and seeing as thought another person got it its probably right

Answer 2

he makes it up by 1/3=.333%=$75*1.333=$99.98
he then discounts it by 20%=1/5=99.98/5=$19.99
If the original profit is $99.98-$75=$24.98
and then discounted by $19.99
it would be $24.98-$19.99
=
$4.99