Question 60
A manufacturer sells cooking gas stoves to shopkeepers at 10% profit, and in turn they sell the cooking gas stoves to customer to earn 15% profit. If a customer gets a cooking gas stove for ₹7,590, then what is its manufacturing cost?
Solution
Selling price for shopkeeper = Rs.7590
Profit = 15%
Cost price for shopkeeper = $$\frac{7590}{115} \times 100$$ = Rs.6600
Selling price for manufacturer = Rs.6600
Profit = 10%
Cost price for manufacturer = $$\frac{6600}{110} \times 100$$ = Rs.6000
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