Question:
The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30%. Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is
The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30%. Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is
Updated On: Sep 26, 2024
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The Correct Option is B
Solution and Explanation
The correct answer is (B):
Let the manufacturing cost of the table be Rs. m.
The wholesaler buys it for Rs.1.1m.
The retailer buys it for Rs.(1.1)(1.3)m.
The customer buys it for Rs.(1.1)(1.3)(1.5)m, viz. Rs. 2.145m.
Given, 2.145m = 4,290
⇒ m = Rs.2,000
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