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Profit and Loss Practice Test 3
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© examsnet.com
Question : 28
Total: 40
A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer sells them to a customer for Rs 30.09, thereby earning a profit of 25%. The cost price paid by the manufacturer is:
Rs 15
Rs 16
Rs 17
Rs 18
Validate
Solution:
Manufacturer
Wholesale
dealer
Retailer
Customer
x
18
%
20
%
25
%
x
+
18
100
x
=
59
50
x
59
50
x
+
20
100
×
59
50
x
=
117
125
x
117
125
x
+
177
125
x
×
25
100
=
885
500
x
According to the statement,
885
500
x
=
30.09
x
=
30.09
×
500
885
=
17
Cost price for the manufacturer is Rs 17.
© examsnet.com
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