a manufacturer sells his product to the distributor at the 10% profit who then sell it to the retailer at 8% profit if the retailer pays 2376 for the product what is the factory cost
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Answer:
Let the production cost of the geyser be Rs x.
Manufacturers gain=6%
Therefore , S.P of the manufacturer=106% of Rsx=Rs.
100
x×106
=
50
53x
Wholesale dealer's gain=8%
S.P of the dealer=108% of Rs.
50
53x
=
50
53x
×
100
108
Retailer's gain=10%
S.P of the retailer=110% of Rs.
50
53x
×
25
27
=
50
53x
×
25
27
×
100
110
=
50
53x
×
25
27
×
10
11
=15741
⇒x=15741×
11
10
×
27
25
×
53
50
⇒x=Rs.12500
Hence, the cost of the production of the geyser=Rs 12500
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