A TV manufacturer sells an item to a wholesaler at a profit of . The wholesaler sells it to a retailer at a profit of . The retailer in turn sells it to the customer for ₹ making a profit of . What is the manufacturer's purchasing price? (Assume only whole numbers)
- A₹
- B₹
- C₹
- D₹
Solution & Step-by-step Explanation
Let the purchasing price (cost price) for the manufacturer be .Manufacturer sells to wholesaler at profit Wholesaler sells to retailer at profit Retailer sells to customer at profit We are given that the final selling price to the customer is ₹:
Notice that , let's simplify carefully:
Since we assume only whole numbers, the purchasing price is approximately ₹.
Notice that , let's simplify carefully:
Since we assume only whole numbers, the purchasing price is approximately ₹.