A retailer sold toys at a regular selling price of 25% greater than the retailer's cost to buy the toys. If the retailer reduces the regular selling price by 80%, what is then the loss on each toy sold as a percent of the retailer
What I did:
assuming retailer's cost =
then, regular selling price =
and after 80% reduction the regular selling price will be
But how to find the loss on each toy sold as a percent of the retailer ?
What does that actually mean. Not able to comprehend it