A wholesaler sells goods to a retailer at a profit of 20%. The retailer sells to the customer, who pays 80% more than the cost of the wholesaler…

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

  1. a) 40%
  2. b) 50%
  3. c) 60%
  4. d) 70%

From the Combined Bank Senior Officer September 2021 – Preliminary (AUST) exam, question 78 of 92.

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