A retailer pays $81 to a wholesaler for an article. The retail price is set using a rate of mark-up on selling price of 40%. To increase traffic to his store, the retailer marks the article down 20% during a sale. What is the sale price?

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The Answer of A retailer pays $81 to a wholesaler for an article. The retail price is set using a rate of mark-up on selling price of 40%. To increase traffic to his store, the retailer marks the article down 20% during a sale. What is the sale price?

A Retailer Pays $81 to a Wholesaler for an Article