A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 80 percent greater than the wholesale price. If the retailer decreases the retail price by 25 percent this will have the same effect as increasing the wholesale price by what percent?  Choose the correct choice from the following answers
A) 26  B) 37.5  C) 35  D) 44  E) 50
Answer: C= 35.   Assume Rs. 100 to be the price at which the retailer buys from wholesaler.   80% increase makes Retail price = 180.   Now 25% decrease -&gt; (1-25/100) * 180 = 135.   Now compared to the wholesale price of 100, 35% increase is what will have the same effect as increasing the wholesale price.
<result>C</result>
A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 80 percent greater than the wholesale price. If the retailer decreases the retail price by 25 percent this will have the same effect as increasing the wholesale price by what percent?