SOLUTION: A retailer buys a radio from the wholesaler for $75.00. He then marks up the price by 1/3 and sells it at a discount of 20%. What was his profit on the radio (to the nearest cent)?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A retailer buys a radio from the wholesaler for $75.00. He then marks up the price by 1/3 and sells it at a discount of 20%. What was his profit on the radio (to the nearest cent)?      Log On


   

Question 1101753: A retailer buys a radio from the wholesaler for $75.00. He then marks up the price by 1/3 and sells it at a discount of 20%. What was his profit on the radio (to the nearest cent)?
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
%2875%2B%281%2F3%29%2A75%29%281-20%2F100%29----------actual sale price, for you to compute.

Subtract wholesale price from the "sale" price.