Question : A manufacturer sells an item to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer in turn sells it to a customer for Rs 15045 there earning a profit of 25%. The cost price of the manufacturer is:
Option 1: Rs. 8000
Option 2: Rs. 8500
Option 3: Rs. 9000
Option 4: Rs. 10000
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Rs. 8500
Solution : Let the cost price of the manufacturer be Rs. $x$. Hence, profit of manufacturer = 18% of his cost price = Rs.$\frac{18x}{100}$ The selling price of manufacturer = cost price of wholesaler = Rs. $\frac{118x}{100}$ Profit of wholesaler = 20% of his cost price = $\frac{20}{100}\times \frac{118x}{100}=\frac{236x}{1000}$ The selling price of the wholesaler = Cost price of the retailer = $\frac{118x}{100}+\frac{236x}{1000}=\frac{1416x}{1000}$ Profit after 25% profit of retailer = $\frac{25}{100}\times \frac{1416x}{1000}=\frac{354x}{1000}$ Selling price of retailer = Cost price of customer = $\frac{1416x}{1000}+\frac{354x}{1000}=\frac{177x}{100}$ ⇒ $15045=\frac{177x}{100}$ ⇒ $x=8500$ Hence, the correct answer is Rs. 8500.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : S sells an item costing Rs. 37800 to P with 8% profit. P sells it to Q with a 4% loss. At what price (in Rs.) does P sell the item? (Correct to the nearest rupee)
Question : Rajiv sells a pen at a profit of 5 percent. If he sells the pen for Rs. 36 more, then he earns a profit of 14 percent. What is the cost price of the pen?
Question : Vinay sells an article at a profit of 20%. If both the cost price and selling price are reduced by Rs. 20, then the profit becomes 40%. What is the initial cost price?
Question : The marked price of an item was Rs. 480 but the shopkeeper offered a discount of 5%. At what price does he finally sell the item?
Question : A retailer buys 50 pens at the marked price of 44 pens. If he sells these pens at a discount of 1% on the marked price, what is the profit percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile