Profit and Loss Practice Test 10

Question : 9 of 28

Marks: +1, -0

A manufacturer sells an article to a wholesale dealer at a profit of 10%. The wholesale dealer sells it to a shopkeeper at 20% profit. The shopkeeper sells it to a customer for Rs 56.100 at a loss of 15%. Then the cost price of the article bought from the manufacturer is:

Rs 25,000
Rs 10,000
Rs 50,000
Rs 55,000

Validate

Solution:

Manufacturer	Wholesale dealer	Shopkeeper	Customer
$x$	$x+10/100 x={11x}/10$	${11x}/10+{11x}/10×20/100={33x}/25$	56,100 at a loss of 15%

According to the statement,

{33x}/25-56100={33x}/25×15/100

16,500x - 2,475x = 70,12,50,000

14,025x = 70,12,50,000

x = Rs 50,000

Cost price of an article paid by the manufacturer is equal to Rs 50,000.

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