A manufacturer sells a fridge to a wholesaler at 10% profit, who sells it to a retailer at 15% profit. The retailer’s cost is Rs. 3,036. What is the manufacturing cost?
Correct answer C. Rs. 2,400
Explanation
Retailer's cost = 1.10 × 1.15 × manufacturing cost = 1.265 × cost. Manufacturing cost = 3,036/1.265 = Rs. 2,400.
Answer checked How we write and check questions
Discussion