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?
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
