Question

A medicine distributor buys 25 strips of antibiotics
which he sells to a stockistatia 20% profit. The stockist
sells the antibiotics to a retail shop, earning 5%. The
retail shop sells the 25 strips to patients for 107.73
each, earning a profit of 12.5%. How much had the
superstockist paid for the 25 strips of antibiotics?​

Answer 1

The total amount paid for the 25 strips of antibiotics is 2281.25.

Step-by-step explanation:

Consider the provided information.

The  retail shop sells the 25 strips to patients for 107.73 each, earning a profit of 12.5%.

$CP=\frac{SP\times100}{100+profit\%}$

Substitute the respective values.

$CP=\frac{107.73\times100}{100+12.5\%}$

$CP=95.76$

Thus, the cost price of 25 strips for retailer was 95.76 each.

The stockist  sells the antibiotics to a retail shop, earning 5%.

Here, the cost price of retailer will become the selling price of stockist.

$CP=\frac{95.76\times100}{100+5\%}$

$CP=91.2$

Hence, the cost price 25 strips for stocktaking is 91.2 each.

The total amount stocktaking pay to distributor is: 91.25×25=2281.25

Hence the total amount paid for the 25 strips of antibiotics is 2281.25.

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