Q.If the supplier gains 12%, the wholesale dealer gain 15% and the retailer 20%, then find the
cost of production of a sewing machine whose retail price is 4800......plz
Answers
Answer:
.....,.............
The Cost Of Production Of Sewing Machine Is Rs 3,093
GIVEN
Percentage gain of supplier = 12%
Percentage gain of dealer = 15%
Percentage gain of Retailer = 20%
Retail price of sewing machine = 4800.
TO FIND
cost of production of the sewing machine.
SOLUTION
We can simply solve the above problem as follows.
To calculate the Cost of production of a sewing machine we will first calculate the gains of the supplier dealer and The retailer.
Let the cost of production of a sewing machine be, x
It is given,
Percentage gain of supplier = 12%
Percentage gain of dealer = 15%
Percentage gain of Retailer = 20%
The Retail price of sewing machine will be taken as 100% of 4800
Since the supplier gains 12%. The supplier sells it for = (100%+12%) = 112% of x
Similarly,
The dealer sells it for = 115% of 112 of x
The retailer sells it for = 120% of 115 of 112% of x
The Retail price = 120% of 115 of 112% of x = 4800
Solving the above equation-
Rearranging and cross multiplying the above expression,
x = 3,093
Hence, the cost of production of sewing machine is Rs 3,093
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