A wholeseller sells a jacket to a retailer at a profit of 5% and the retailer sells it to a customer at a profit of 10%. If the customer pays Rs. 4,158 for the jacket, then what was the cost price of the jacket for the wholesaler ?
A wholeseller sells a jacket to a retailer at a profit of 5% and the retailer sells it to a customer at a profit of 10%. If the customer pays Rs. 4,158 for the jacket, then what was the cost price of the jacket for the wholesaler ?
Solution
✅ Correct Option: 4
Let wholesaler's CP = .
Retailer's CP = ; Customer pays .
, so .
Cost price for wholesaler = Rs. 3,600.
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