A wholeseller sold an article to the retailer at a profit of 10%. The retailer then sold the
article to the customer for $264 at a profit of 20%. Find the cost price of the article for the wholeseller.
(pls, explain it.)
Answers
Answered by
13
$200
Step-by-step explanation:
Given:
Wholeseller sold for 10% of profit.
Retailer sold for 20 % of profit at $264
To find:
cost price for the wholeseller
Method of Solution:
It's a chain selling from one to another till customer. Every seller gain some profit on it.
We will solve every part separately.
Solution:
Final Price is $264 with 20% profit it's mean.
Hence, Retailer buy it on $220.
________________________________
Again, Wholeseller sold it on 10% profit it's mean.
Therefore, Wholeseller Cost Price is $200.
Answered by
41
Answer:
☢ Given : A wholeseller sold an article to the retailer at a profit of 10%. The retailer then sold the article to the customer for Rs. 264 at a profit of 20%.
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- Selling Price ( SP ) = Rs. 264
- First Profit ( P₁ ) = 10%
- Second Profit ( P₂ ) = 20%
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