Question: A merchant obtains the retail price of an item by adding 20% to the wholesale price. Later, he has a sale and marks every

A merchant obtains the retail price of an item by adding 20%

A merchant obtains the retail price of an item by adding 20% to the wholesale price. Later, he has a sale and marks every item down 20% from the retail price. Is the sale price the same as the wholesale price? (Hint: Consider a specific item whose wholesale price is $100.) The sale price the same as the wholesale price because the wholesale price is $ and the sale price is $. (Type an integer or a decimal.)

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