A wholesaler sells goods to a retailer at a profit 20%.The retailer sells to the customer,who pays 80% more than the cost of the wholesaler.What is the ratailer's profit?

A wholesaler sells goods to a retailer at a profit 20%.The retailer sells to the customer,who pays 80% more than the cost of the wholesaler.What is the ratailer's profit?

A 40%

B 50%

C 60%

D 70%

Solution

Correct Answer: Option B