SSC Selection Post 2023 PYQ — Question 57

SSC Selection Post - Matriculation Level - 30 June 2023 - Shift 3 • Quantitative Aptitude • Q57

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 × 110100110\over100 = 11x1011x\over10

Wholesale dealer gains 15%:

Selling price = 11x1011x\over10 × 115100115\over100 = 253200253\over200x

Retailer gains 25%:

Selling price = 253x200253x\over200 × 125100125\over100 = 253x160253x\over160

⇒ 253x160253x\over160 = 2530

⇒ x = 1600