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      Question

      A manufacturer earns a profit of 10% on selling his

      products to a wholesale dealer. The wholesale dealer earns a profit of 15% by selling it to a retailer. The retailer, in turn, earns a profit of 25% from the customer. What is the actual cost of production of an article for which the customer pays β‚Ή12,650?
      A β‚Ή8,000 Correct Answer Incorrect Answer
      B β‚Ή8,500 Correct Answer Incorrect Answer
      C β‚Ή9,000 Correct Answer Incorrect Answer
      D β‚Ή7,000 Correct Answer Incorrect Answer

      Solution

      Let the cost price of production of an article = x According to question, 110% of 115% of 125% of x = 12650 On solving equation, 253x /160 = 12650 x = 12650 x 160/253 x = 50 x 160 = Rs. 8000 Hence, the cost price of production of an article = Rs. 8000

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