Question 73

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

Name: 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
Uploaded: 2020-07-03T10:18:27.054094+05:30
Duration: 1 min 33 s
Description: 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

Solution

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

Get 3 Free CAT Mock Tests with Expert Video Solutions Get 3 Free CAT Mock Tests