Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If the manufacturer gains 10%, the wholesale dealer gains 15% and the retailer gains 25%, then find the cost of production of a table, if the retails price of which is ₹1265?

Options:

₹1000

₹900

₹800

₹700

Correct Answer:

₹800

Explanation:

Let cost price of a table be Rs. x

According to the question

x × 110/100 × 115/100 × 125/100 = 1265

⇒ x × 11/10 × 23/20 × 5/4 = 1265

⇒ x = 1265 × 10/11 × 20/23 × 4/5

⇒ x = Rs. 800