Profit and Loss Practice Test 6

Question : 17 of 40

Marks: +1, -0

A manufacturer sells a machine to the wholesaler at a profit of 20%. The wholesaler sells it to the retailer at a profit of 10%. The retailer sells the machine to a customer for Rs 455.40 after making a profit of 15%. The cost paid by the manufacturer is:

Rs 300
Rs 296
Rs 280
Rs 260

Validate

Solution:

\table \Manufacturer,\Wholesaler,\Retailer ,\Customer;x,x+20/100×x=6/5x,6/5x+6/5x×10/100=33/25x,33/25x+33/25x×15/100=759/500x

Cost for the manufacturer is

=759/500x=455.40

x=300

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