A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 70 percent greater than the wholesale price. If the retailer decreases the retail price by 30 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) 42
D) 19
E) 50
Answer: D= 19.   Assume Rs. 100 to be the price at which the retailer buys from wholesaler.   70% increase makes Retail price = 170.   Now 30% decrease -&gt; (1-30/100) * 170 = 119.   Now compared to the wholesale price of 100, 19% increase is what will have the same effect as increasing the wholesale price.
<result>D</result>
A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 70 percent greater than the wholesale price. If the retailer decreases the retail price by 30 percent this will have the same effect as increasing the wholesale price by what percent?