Profit and loss

Quantitative Aptitude (CGL)

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A reputed company sells a wrist watch to a wholesaler making a profit of 10%. The wholesaler, 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 (in rupees) incurred by the the company to produce it?

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