If a manufacture gains 10%,the wholesaler 15%,and the retailer 25%,then what is the cost of production of an electric toaster shoes retail price is ₹1265?
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let the cost of production be 'x'
manufacture gains 10% ; x + 10%(x) = x + 0.1x = 1.1x
wholesaler gains 15% ; 1.1x + 15%(1.1x) = 1.1x + 0.165x = 1.265x
retailer gains 25% ; 1.265x + 25%(1.265x) = 1.265x + 0.31625 = 1.58125x
retail price = 1265..
1.58125x = 1265
x = 1265/1.58125 = 800 = cost of production
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