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Question
The cost of manufacturing an item was ₹ 24,000, and 20% of it was spent on packaging and its shipment to a retailer. The manufacturer made a profit of 50%, while the retailer incurred a loss of 20% in selling it to a customer. At what price (in ₹) was the item sold by the retailer?
Options
35,268
34,560
37,664
32,400
MCQ
Solution
34,560
Explanation:
Cost of manufacturing item = ₹ 24,000
20% of24000 spent on packing and shipment.
∴ Total C.P of Manufacturer = 24,000 + 20 % of 24000
= 24000 + 4800
= 28800
Now, Manufacturer made profit of 50 %
So, Selling price of Manufacturer= 28,800 + 50% of 28800
= 28800 + 14400
= 43200
Now, Cost price for retailer= ₹ 43,200
Retailer losses 20%
∴ S.P for retailer = `43,200 - 20/100 xx 43200`
= 43200 − 8640
= 34,560
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Profit and Loss (Entrance Exam)
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