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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
- a)1500
- b)2000
- c)2500
- d)3000
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
The manufacturer of a table sells it to a wholesale dealer at a profit...
Given data:
Profit of manufacturer = 10%
Profit of wholesale dealer = 30%
Profit of retailer = 50%
Selling price to customer = Rs 4290
Let the manufacturing cost of the table be x.
Then, the selling price of the table by the manufacturer to the wholesale dealer will be:
Selling price = x + 10% of x = 1.1x
Similarly, the selling price of the table by the wholesale dealer to the retailer will be:
Selling price = 1.1x + 30% of 1.1x = 1.43x
Finally, the selling price of the table by the retailer to the customer will be:
Selling price = 1.43x + 50% of 1.43x = 2.145x
Given that the customer pays Rs 4290 for the table, we can equate the selling price to the customer with the calculated value:
2.145x = 4290
x = Rs 2000
Therefore, the manufacturing cost of the table is Rs 2000. Hence option B is the correct answer.
Profit of manufacturer = 10%
Profit of wholesale dealer = 30%
Profit of retailer = 50%
Selling price to customer = Rs 4290
Let the manufacturing cost of the table be x.
Then, the selling price of the table by the manufacturer to the wholesale dealer will be:
Selling price = x + 10% of x = 1.1x
Similarly, the selling price of the table by the wholesale dealer to the retailer will be:
Selling price = 1.1x + 30% of 1.1x = 1.43x
Finally, the selling price of the table by the retailer to the customer will be:
Selling price = 1.43x + 50% of 1.43x = 2.145x
Given that the customer pays Rs 4290 for the table, we can equate the selling price to the customer with the calculated value:
2.145x = 4290
x = Rs 2000
Therefore, the manufacturing cost of the table is Rs 2000. Hence option B is the correct answer.
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Community Answer
The manufacturer of a table sells it to a wholesale dealer at a profit...
Let the manufacturing price of the table be 'X'.
The manufacturer earns 10% profit on it.
Therefore, he sold the table for = Rs. {(110/100) * x}.
= 1.1x
The wholesaler bought the table for Rs. 1.1x earns 30% profit on it. (Here, the principal would be the price at which the wholesaler bought and NOT the manufacturing price)
So, the wholesaler sold it for = Rs. {(130/100) * 1.1x}.
= Rs. 1.43x
The retailer bought the table for Rs. 1.43x and earns 50% profit on it.
So, the retailer sold it for = Rs. {(150/100) * 1.43x}.
= Rs. 2.145x
Selling price for the retailer = Buying price for the customer. The customer paid Rs. 4290 for the table.
2.145x = 4290
x = 4290/2.145
x = 2000
Therefore, the manufacturing cost of the table was Rs. 2000.
The manufacturer earns 10% profit on it.
Therefore, he sold the table for = Rs. {(110/100) * x}.
= 1.1x
The wholesaler bought the table for Rs. 1.1x earns 30% profit on it. (Here, the principal would be the price at which the wholesaler bought and NOT the manufacturing price)
So, the wholesaler sold it for = Rs. {(130/100) * 1.1x}.
= Rs. 1.43x
The retailer bought the table for Rs. 1.43x and earns 50% profit on it.
So, the retailer sold it for = Rs. {(150/100) * 1.43x}.
= Rs. 2.145x
Selling price for the retailer = Buying price for the customer. The customer paid Rs. 4290 for the table.
2.145x = 4290
x = 4290/2.145
x = 2000
Therefore, the manufacturing cost of the table was Rs. 2000.
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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) isa)1500b)2000c)2500d)3000Correct answer is option 'B'. Can you explain this answer?
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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) isa)1500b)2000c)2500d)3000Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about 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) isa)1500b)2000c)2500d)3000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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) isa)1500b)2000c)2500d)3000Correct answer is option 'B'. Can you explain this answer?.
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) isa)1500b)2000c)2500d)3000Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about 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) isa)1500b)2000c)2500d)3000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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) isa)1500b)2000c)2500d)3000Correct answer is option 'B'. Can you explain this answer?.
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