Swikritiv9
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A wholesaler sold an electric item to a retailer at 20 % profit. The retailer sold it at Rs.2052 to a customer at 5% loss.

i) How much did the retailer pay for it?

ii) How much did the wholesaler pay for it?

pls on full process
will mark as a brainlist

Respuesta :

reinhard10158

Answer:

i) 2160

ii) 1800

Step-by-step explanation:

so, the retailer sold the item for 2052, if I understand the problem description correctly.

and with this sale price, he actually made a loss of 5%.

so, 2052 are actually only 95% of what he himself paid the wholesaler for it.

2052 = 95%

1% = 2052/95 = 21.60

100% (the whole price the retailer paid to the wholesaler) = 21.60 × 100 = 2160

so, now, these 2160 have the wholesaler a profit from his perspective of 20%.

that means this price includes the 20% profit margin.

2160 = 120%

1% = 2160 / 120 = 18

100% (the price the wholesaler originally paid) = 18 × 100 = 1800

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