On an article the manufacturer gains 10%, the wholesale dealer gains 15%

On an article the manufacturer gains 10%, the wholesale dealer gains 15% and the retailer gains 25%. If retail price of the article is 1,265, the production cost of it is
(1)   Rs. 800
(2)   Rs. 850
(3)   Rs. 900
(4)   Rs. 950

Anurag Mishra Professor Asked on 19th April 2016 in Maths.
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1 Answer(s)

Answer: (1) Rs.800

Solution:-
Retail price of the article = Rs.1,265
The retailer gains = 25%
Then, cost paid by retailer to wholesale dealer  = 1,265 x 100/125
= 1,265 x 4/5
= Rs.1,012

Wholesale dealer gains = 15%
Then, cost paid by wholesale dealer to manufacturer = 1,012 x 100/115
= Rs.880

Manufacturer gains = 10%
Then, production cost of an article = 880 x 100/110
= Rs.800

Hence, the correct answer is option (1) Rs.800.

Anurag Mishra Professor Answered on 20th April 2016.
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