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A wholesaler sells a product to a retailer at a price that includes a 20% profit

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Question: A wholesaler sells a product to a retailer at a price that includes a 20% profit margin. If the retailer sells it at a 10% loss, what is the retailer\'s selling price if the cost price for the wholesaler is $200?

Options:

  1. $180
  2. $200
  3. $220
  4. $240

Correct Answer: $180

Solution: 

Wholesaler\'s selling price = Cost Price + 20% of Cost Price = $200 + $40 = $240. Retailer\'s selling price = $240 - 10% of $240 = $240 - $24 = $216.

A wholesaler sells a product to a retailer at a price that includes a 20% profit

Practice Questions

Q1
A wholesaler sells a product to a retailer at a price that includes a 20% profit margin. If the retailer sells it at a 10% loss, what is the retailer's selling price if the cost price for the wholesaler is $200?
  1. $180
  2. $200
  3. $220
  4. $240

Questions & Step-by-Step Solutions

A wholesaler sells a product to a retailer at a price that includes a 20% profit margin. If the retailer sells it at a 10% loss, what is the retailer's selling price if the cost price for the wholesaler is $200?
  • Step 1: Identify the cost price for the wholesaler, which is given as $200.
  • Step 2: Calculate the profit margin for the wholesaler, which is 20% of the cost price. This is done by multiplying $200 by 0.20.
  • Step 3: Calculate the profit amount: $200 * 0.20 = $40.
  • Step 4: Add the profit amount to the cost price to find the wholesaler's selling price: $200 + $40 = $240.
  • Step 5: Identify the retailer's selling price, which is at a 10% loss from the wholesaler's selling price of $240.
  • Step 6: Calculate the loss amount for the retailer, which is 10% of $240. This is done by multiplying $240 by 0.10.
  • Step 7: Calculate the loss amount: $240 * 0.10 = $24.
  • Step 8: Subtract the loss amount from the wholesaler's selling price to find the retailer's selling price: $240 - $24 = $216.
  • Profit Margin Calculation – Understanding how to calculate selling price based on cost price and profit margin.
  • Loss Calculation – Understanding how to calculate selling price based on a loss percentage.
  • Percentage Calculations – Applying percentage calculations to determine profit and loss.
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