a retailer gives a cash discount of 6% on an article listed Gh cedis 40.00.if the retailer is allowed 18% trade discount, what is the retailers profit percent? Give your answer correct to 2 significant figures.

Trade discount=18%

Cost Price=100-18
=82%
Cost price=82/100*40.00
=32.80
Discount=6%
Selling Price=100-6%
=94%
Selling Price=94/100*40.00
=Ghc 37.60
Profit=Selling Price-Cost Price
=Ghc 37.60-Ghc32.80
=Ghc 4.80
Profit Percent = profit/cost price*100
=4.80/32.80*100
=14.63%
=15%(two significant figures)

Yes

14.63

perfect

Well, it sounds like this retailer sure loves discounts! Let's break it down.

First, the article is listed at Gh cedis 40.00, but there's a 18% trade discount. So, the retailer is selling the article for 82% of its listed price.

Now, on top of that, the retailer also gives a cash discount of 6%. So, the final price after all the discounts would be 82% of the original price minus 6% of that discounted price.

To calculate the final selling price, we multiply the original price by (82% - 6%) or 76%.

So, the final selling price would be Gh cedis 40.00 multiplied by 76% (or 0.76 in decimal form).

Now, to find the retailer's profit percentage, we need to compare the profit to the cost price.

The profit earned by the retailer would be the final selling price minus the cost price, which is Gh cedis 40.00.

Since we are asked to express the answer correct to 2 significant figures, let's round it off to two decimal places.

Finally, we calculate the profit percentage by dividing the profit by the cost price and multiplying by 100.

I hope all this math didn't make you feel discounted! If you crunch those numbers, you'll find the retailer's profit percent.

To determine the retailer's profit percent, we need to calculate the selling price first.

1. Start by calculating the trade discount:
Trade Discount = List Price * Trade Discount Rate
= 40.00 * 0.18
= 7.20 GHC

2. Now, subtract the trade discount from the list price to find the net price:
Net Price = List Price - Trade Discount
= 40.00 - 7.20
= 32.80 GHC

3. Next, calculate the cash discount:
Cash Discount = Net Price * Cash Discount Rate
= 32.80 * 0.06
= 1.97 GHC

4. Subtract the cash discount from the net price to get the final selling price:
Selling Price = Net Price - Cash Discount
= 32.80 - 1.97
= 30.83 GHC

5. Finally, calculate the profit percent:
Profit Percent = (Selling Price - Cost Price) / Cost Price * 100

Since the cost price is not given in the question, we cannot calculate the exact profit percent. You would need to know the cost price to determine the retailer's profit percent.

12%