A manufacturer sells cooking gas stoves to shopkeeper at 10% profit, and in turn they sell the cooking gas stoves to customer to earn 15% profit. If a customer gets a cooking gas stove for Rs.7,590, then what is its manufacturing cost?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs.6,000.
| Understanding/Application |
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S.P.for shopkeeper = Rs. 7590 Profit = 15% C.P. for shopkeeper = (7590 × 100)/115 = Rs. 6600 |
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S.P. for manufacturer = Rs. 6600 Profit = 10% C.P. for manufacturer = (6600 × 100)/110 = Rs. 6000 |