A wholesaler marks up a batch of 100 identical clocks by 80% on cost and offers a trade discount of 25% to retailers. A retailer purchases all the clocks and spends Rs. 48,000. What is the cost price per clock for the wholesaler?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 355.56.
Let CP per clock for wholesaler = x
Marked price per clock = 1.8x
SP per clock to retailer = 1.8x × 0.75 = 1.35x
Total SP for 100 clocks = 100 × 1.35x = 135x
135x = 48000
⇒ x = 48000/135 = 355.555... ≈ 355.56