A manufacturer sells to a wholesaler at a profit of 10%. The wholesaler sells to a dealer at a profit of 20%. The dealer sells to a retailer at a profit of 15%. If the retailer paid Rs. 30360, what was the manufacturer's cost? MCQ with Answer and Explanation
A manufacturer sells to a wholesaler at a profit of 10%. The wholesaler sells to a dealer at a profit of 20%. The dealer sells to a retailer at a profit of 15%. If the retailer paid Rs. 30360, what was the manufacturer's cost?
A. Rs. 25000
B. Rs. 24000
C. Rs. 20000
D. Rs. 22000
Answer: Option C
Solution (By JKSSB Mock Tests)
Let cost be x. x * 1.1 * 1.2 * 1.15 = 30360. x * 1.518 = 30360. x = 30360 / 1.518 = 20000.
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