Question

A retailer gives a cash discount of 6% on an article listed 400 cedis. if the retailer is allowed 18% trade discount what is the retailer's profit percent correct your answer to two significant figures

Answer 1

consumer discount reduces price to
400 - 400(.06) = 376
if the retailer bought the product with a 18% trade discount he or she paid 400 - 400(.18) = 328
the profit percent made is (376-328)/328 = .146341....

Answer 2

Please how did you get the profit percent, I dont understand the method you used