1. A wholesaler sells a watch to a retailer at a gain of 37% and the retailer sells it to a customer at a loss of 25%. If the customer pays Rs 2,620.125, what had it cost the wholesaler?
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By: anil on 05 May 2019 02.16 am
For the wholesaler, Let the cost price = Rs. $$100x$$ With profit of 37%, Selling price = $$frac{137}{100} imes 100x = Rs. 137x$$ For the retailer, Cost price = Rs. $$137x$$ With a loss of 25%, Selling price = $$frac{75}{100} imes 137x = Rs. 102.75x$$ For the customer, Cost price = $$102.75x = 2620.125$$ => $$x = frac{2620.125}{102.75} = 25.5$$ $$ herefore$$ Cost price for retailer = $$100 imes 25.5 = Rs. 2550$$
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