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A wholesaler sells a jacket to retailer ...

A wholesaler sells a jacket to retailer at a profit of 5% and the retailer sells it to a customer at a profit of 10%.If the customer pays Rs. 4158, what had it cost (in Rs.) to the wholesaler?

A

3500

B

3400

C

3300

D

3600

Text Solution

AI Generated Solution

The correct Answer is:
To find out the cost price to the wholesaler, we can follow these steps: ### Step 1: Determine the cost price for the retailer The customer pays Rs. 4158 for the jacket, which includes a profit of 10% for the retailer. We can use the formula for selling price (SP) to find the cost price (CP) for the retailer: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} + \text{Profit} \] Given that the profit percentage is 10%, we can express this as: \[ \text{SP} = \text{CP} \times \left(1 + \frac{\text{Profit \%}}{100}\right) \] Substituting the known values: \[ 4158 = \text{CP}_{\text{retailer}} \times \left(1 + \frac{10}{100}\right) \] This simplifies to: \[ 4158 = \text{CP}_{\text{retailer}} \times 1.10 \] ### Step 2: Calculate the cost price for the retailer Now, we can solve for \(\text{CP}_{\text{retailer}}\): \[ \text{CP}_{\text{retailer}} = \frac{4158}{1.10} \] Calculating this gives: \[ \text{CP}_{\text{retailer}} = \frac{4158}{1.10} = 3780 \text{ Rs.} \] ### Step 3: Determine the cost price for the wholesaler Next, we need to find the cost price for the wholesaler. The retailer bought the jacket at a profit of 5%. We can use the same formula: \[ \text{CP}_{\text{retailer}} = \text{CP}_{\text{wholesaler}} \times \left(1 + \frac{5}{100}\right) \] Substituting the known values: \[ 3780 = \text{CP}_{\text{wholesaler}} \times 1.05 \] ### Step 4: Calculate the cost price for the wholesaler Now, we can solve for \(\text{CP}_{\text{wholesaler}}\): \[ \text{CP}_{\text{wholesaler}} = \frac{3780}{1.05} \] Calculating this gives: \[ \text{CP}_{\text{wholesaler}} = \frac{3780}{1.05} = 3600 \text{ Rs.} \] ### Final Answer Thus, the cost price to the wholesaler is Rs. 3600. ---
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