1. A wholesaler sells a watch to a retailer at a gain of 20% and the retailer sells it to a customer at a loss of 10%. If the customer pays Rs 874.8, what had it cost the wholesaler?





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  • By: anil on 05 May 2019 02.18 am
    For the wholesaler, Let the cost price = Rs. $$100x$$ With profit of 20%, Selling price = $$frac{120}{100} imes 100x = Rs. 120x$$ For the retailer, Cost price = Rs. $$120x$$
    With a loss of 10%, Selling price = $$frac{90}{100} imes 120x = Rs. 108x$$ For the customer, Cost price = $$108x = 874.8$$ => $$x = frac{874.8}{108} = frac{97.2}{12} = 8.1$$ $$ herefore$$ Cost price for retailer = $$100 imes 8.1 = Rs 810$$
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