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A retailer buys a radio from the wholesaler for $75.00. He then marks up the price by 1/3 and sells it at a discount of 20 %. What was his profit on the radio (to the nearest cent)?
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A retailer buys a radio from the wholesaler for $75.00. He then marks up the price by 1/3 and sells it at a discount of 20 %. What was his profit on the radio (to the nearest cent)?

User Divyang Hirpara
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He sells it at $80 which gives him a profit of $5!
User Rodolfo Alvarez
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