A TV manufacturer sells an item to a wholesale dealer at a profit of 8%. The wholesaler sells the same to a retailer at a profit of 10%. The retailer, in turn, sells it to a customer for ₹11,050, thereby earning a profit of 15%. The cost price of the manufacturer is: (Consider the integral part only)
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹8,088.
Let manufacturer's CP = 100x
Wholesaler's CP = 108x
Retailer's CP = 108x × (11/10) = 118.80x
Customer's price (SP) = 118.80x × (115/100) = 136.62x
Manufacturer's CP = (11050/136.62) × 100 ≈ 8088 (integral part)