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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%, -

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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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