A wholesaler sells a watch to a retailer at a gain of 36% and the retailer sells it to a customer at a loss of 25%. If the customer pays Rs 2499, what had it cost the wholesaler?
For the wholesaler,
Let the cost price = Rs. $$100x$$
With profit of 36%, Selling price = $$\frac{136}{100} \times 100x = Rs. 136x$$
For the retailer,
Cost price = Rs. $$136x$$
With a loss of 25%, Selling price = $$\frac{75}{100} \times 136x = Rs. 102x$$
For the customer,
Cost price = $$102x = 2499$$
=> $$x = \frac{2499}{102} = \frac{49}{2} = 24.5$$
$$\therefore$$ Cost price for retailer = $$100 \times 24.5 = Rs. 2450$$
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