a factory sells it's product to the distributor at 10% profit, who then sells it to the retailer at 8 %profit. if the retailer pays Rs. 2376 for the product, what is the factory cost?
Answers
Answer: Let the price of the goods = Rs. 100.
Then, at 10% profit, it was sold to the wholeseller by
Rs. (100+10)= Rs. 110.
∴ The S.P to the retailer at 20% gain =
Rs(110+110×
100
20
)= Rs. 132.
∴ The S.P to the consumer at 30% gain = (132+132×
100
20
)=Rs. 171.6.
∴ The net increase in price for the consumer = Rs. (171.6−100)
= Rs. 71.6 over Rs. 100
=71.6%
= 71 3/5%
Step-by-step explanation: Therefore the answer is 71 3/5%
Answer:
Step-by-step explanation:
The factory sells the product to the distributor at a 10% profit. This means the distributor pays 110% of the factory cost, which can be calculated as (110/100) * x = 1.1x rupees.
The distributor then sells the product to the retailer at an 8% profit. This means the retailer pays 108% of the distributor's cost, which can be calculated as (108/100) * 1.1x = 1.188x rupees.
Since we know that the retailer paid Rs. 2376 for the product, we can set up the equation:
1.188x = 2376
To find the value of x, we need to solve this equation:
x = 2376 / 1.188
x ≈ 2000
Therefore, the factory cost of the product is approximately Rs. 2000.