The retail price of a fan is Rs.2,530. If the manufacturer gains 10%, the wholesale dealer gains 15% and the retailer gains 25%, then the cost of the product is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs.1,600.
Let the cost be ₹x
The manufacturer gains 10%:
Selling price = x × =
Wholesale dealer gains 15%:
Selling price = × = x
Retailer gains 25%:
Selling price = × =
⇒ = 2530
⇒ x = 1600