CAT 2017 Question Paper (Shift-2) - Quant Question 7

Question 7

The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30% Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is


Let the manufacturing price of the table = $$x$$
Hence the price at which the wholesaler bought from the manufacturer = $$1.1 \times x$$
The price at which the retailer bought from the wholesaler = $$1.3 \times 1.1 \times x$$
The price at which the customer bought from the retailer  = $$1.5 \times 1.3 \times 1.1 \times x$$
$$1.5 \times 1.3 \times 1.1 \times x = 4290$$
=> x = 2000

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