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A wholesaler sells a jacket to a retalle...

A wholesaler sells a jacket to a retaller at a profit of 5% and the retaller 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 the cost price of the jacket for the wholesaler, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the Selling Prices**: - The wholesaler sells the jacket to the retailer at a profit of 5%. - The retailer sells the jacket to the customer at a profit of 10%. 2. **Let the Cost Price of the Wholesaler be \( x \)**: - The selling price (SP) of the wholesaler to the retailer can be calculated as: \[ SP_{\text{wholesaler}} = x + 0.05x = 1.05x \] 3. **Calculate the Selling Price of the Retailer**: - The retailer sells the jacket at a profit of 10% on the price he bought it for (which is the SP of the wholesaler): \[ SP_{\text{retailer}} = SP_{\text{wholesaler}} + 0.10 \times SP_{\text{wholesaler}} = 1.10 \times SP_{\text{wholesaler}} = 1.10 \times 1.05x = 1.155x \] 4. **Set Up the Equation**: - According to the problem, the customer pays Rs. 4158 for the jacket. Therefore, we can set up the equation: \[ 1.155x = 4158 \] 5. **Solve for \( x \)**: - To find \( x \), divide both sides of the equation by 1.155: \[ x = \frac{4158}{1.155} \] 6. **Calculate \( x \)**: - Performing the division: \[ x \approx 3600 \] 7. **Conclusion**: - The cost price of the jacket for the wholesaler is Rs. 3600. ### Final Answer: The cost to the wholesaler is Rs. 3600. ---
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KIRAN PUBLICATION-PROFIT AND LOSS -TEST YOURSELF
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