Question

Titan sells a wrist watch to a wholesaler making a profit of 10%. The wholeseler, in turn, sells it to the retailer making a profit of 10%. A customer purchases it by paying rs. 990. Thus the profit of retailer is 2 3/11 %. What is the cost incurred by the titan to produce it ? Select one:



a. 768



b. 820



c. 750



d. 800

Answer 1

THE ANSWER IS (d) 800

Answer 2

cost incurred by the titan to produce wrist Watch = Rs 800

Step-by-step explanation:

Let say Cost Price to titan  = C  rs

Titan sells  wrist watch to a wholesaler making a profit of 10%.

=> Selling price = C + (10/100)C = 1.1C  Rs

Cost Price for whole seller = 1.1C Rs

wholesaler sells it to the retailer making a profit of 10%

=> Selling price = 1.1C + (10/100)1.1C = 1.21C  Rs

Cost price for retailer  = 1.21C  Rs

profit of retailer is 2  3/11 %.  = 25/11  %

Selling Price = 1.21C  +  (25/1100)1.21C  = 1.2375C

customer purchases it by paying rs. 990

=> 1.2375C = 990

=> C = 800

cost incurred by the titan to produce wrist Watch = Rs 800

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