Question

a retailer gives a cash discount of 6% on an article listed Gh cedis 40.00.if the retailer is allowed 18% trade discount, what is the retailers profit percent? Give your answer correct to 2 significant figures.

Answer 1

12%

Answer 2

Trade discount=18%
Cost Price=100-18
=82%
Cost price=82/100*40.00
=32.80
Discount=6%
Selling Price=100-6%
=94%
Selling Price=94/100*40.00
=Ghc 37.60
Profit=Selling Price-Cost Price
=Ghc 37.60-Ghc32.80
=Ghc 4.80
Profit Percent = profit/cost price*100
=4.80/32.80*100
=14.63%
=15%(two significant figures)

Answer 3

Yes

Answer 4

14.63

Answer 5

perfect