Multiple Choice Questions on A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18 The wholesaler ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18 The wholesaler ...........

Quantitative Aptitude ( CCS) Profit and loss
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     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 in turn sells them to a customer for Rs 30.09 there by earning a profit of 25%. The cost price of the manufacturer is ?

    Rs. 15

    Incorrect Answer

    Rs.16

    Incorrect Answer

    Rs. 17

    Correct Answer

    Rs. 18

    Incorrect Answer
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    Explanation:

    Let the cost price for the manufacturer be Rs. x.
    Then, 125% of 120% of 118% of x = 30.09.
    Hence x = 17

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