CAT 2017 Profit & Loss Question (Medium)

Question

The manufacturer of a table sells it to a wholesale dealer at a profit of 10 . The wholesale dealer sells the table to a retailer at a profit of 30 . Finally, the retailer sells it to a customer at a profit of 50 . If the customer pays Rs 4290 for the table, then its manufacturing cost in Rs is

Accepted Answer

Step 1 Let the manufacturing cost be x. First, the manufacturer sells to the wholesaler at 10 profit Price x 1.10 The wholesaler sells to the retailer at 30 profit Price x 1.10 1.30 x 1.43 The retailer sells to the customer at 50 profit Final Price x 1.43 1.50 x 2.145 Step 2 We are told the final pr

CAT 2017

Quantitative

Profit & Loss

Medium

The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30%. Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is

From CAT Score to IIM Selection!

Practice

Features

Support