Quantitative Aptitude – Arithmetic – Profit and Loss – The manufacturer of a table
Quantitative Aptitude – Arithmetic – Profit and Loss
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
A) 1500
B) 2000
C) 2500
D) 3000
Answer
Option (B)
Solution
From CAT 2017 – Quantitative Aptitude – Arithmetic – Profit and Loss, we can see that,
Cost Price (CP) of manufacturer = CP
Selling Price(SP) of manufacturer = 1.1CP = CP (Dealer)
SP (Dealer) = 1.3 * 1.1 CP = CP (Retailer)
SP (Retailer) = 1.5 * 1.3 * 1.1 CP = CP (Customer)
It is given that,
1.5 * 1.3 * 1.1 CP = 4290
On solving, we get, CP = 2000
Option (B)
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