Profit and Loss Practice Test 3

Question : 28 of 40

Marks: +1, -0

A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer sells them to a customer for Rs 30.09, thereby earning a profit of 25%. The cost price paid by the manufacturer is:

Rs 15
Rs 16
Rs 17
Rs 18

Validate

Solution:

\table \Manufacturer ,\Wholesale \dealer ,\Retailer ,\Customer;x,18%,20%,25%;,x+18/100x=59/50x,59/50x+20/100×59/50x=117/125x,117/125x+177/125x×25/100=885/500x

According to the statement,

885/500x=30.09

x=30.09×500/885=17

Cost price for the manufacturer is Rs 17.

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