A wholesaler allows a discount of 20% on the list price of an article to a retailer.The retailer sells it at 5% discount on the list price . If the customer pays Rs 38 for the article, what is the retailer"s profit

(please give the answer this question with solution) Chapter name is DISCOUNT

Let the list price be x

Discount = 20%

SP = 80x/100 = 4x / 5

Now the list price is 4x/5

Discount = 5%

SP = 19 / 20 * 4x / 5

= 19x / 25

19x / 25 = 38

x =( 38 * 25 ) / 19

x = 50

The retailer bought it at Rs 40

But the retailer sold it at Rs 38.

Loss = Rs2