Question

a wholeseller sets his sale price by adding 15% to his cost price.the retailor adds 25% to the price he pays to the wholeseller to fix his sale price. At what price would a retailor sell an article which cost the wholeseller rs. 400

Answer 1

Explanation:

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

5

3

%

Ans- Option D