A toy seller normally retails toys at a price 40% greater than what he pays his supplier. If he sells a toy at a 20% discount from the normal retail price, what is his profit on the sale as a percentage of his purchase price from the supplier?
A toy seller normally retails toys at a price 40% greater than what he pays his supplier. If he sells a toy at a 20% discount from the normal retail price, what is his profit on the sale as a percentage of his purchase price from the supplier?