A manufacturer sells article to a wholesaler dealer at 25% gain. the wholesale dealer sells it to a retailer at 5% gain. the retailer gains 20% by selling it for ₹756. How much did the manufacturer pay for this article?
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Answer:
The manufacturer paid 499 Rs. for the article
Step-by-step explanation:
Let the cost to the manufacturer is Rs. X
Then the manufacturer sold it at cost = X + 25X/100
= X + X/4
= 5X/4
The wholesaler sold it at cost = 5X/4 + (5X/4) × (5/100)
= 5X/4 × 21/20
= 21X/16
The retailer sold it at cost = 21X/16 + (21X/16) × (20/100)
= (21X/16) × 6/5
According to the question
(21X/16) × 6/5 = 786
or, X = (786 × 16 × 5)/(21 × 6)
= 499 Rs.
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