If the Manufacturer Gains 10%, the Wholesale Dealer 15% and the Retailer 25%, Then Find the Cost of Production of a Table if the Retail Price Was Rs 1265.

By K Balaji|Updated : November 9th, 2022

(a) Rs 920

(b) Rs 842

(c) Rs 800

(d) Rs 760

The cost of production of a table if the retail price was Rs 1265 is Rs 800.

Consider Rs. P as the cost of production

Manufacture gain = 10%

Retailer gain = 25%

Wholesale dealer gain = 15%

From the question,

125/100 x 115/100 x 110/100 x P = Rs 1265

253P/160 = Rs 1265

P = 1265 x 160/253

On simplifying we get

P = Rs 800

Percent sign

The Latin word per centum, which means "hundred" or "by the hundred," is where the word "percent" originates. The Italian word per cento, which means "for a hundred," gradually shrank to become the symbol for "percent." Per was frequently shortened to "p" and eventually vanished entirely. Two circles and a horizontal line made up the "cento," which is where the present "%" symbol is derived.

History of Percentage

Long before the decimal system was developed, computations were frequently done using fractions that were multiples of one hundred. Calculations with a denominator of 100 became more prevalent as coin denominations increased during the Middle Ages, to the point where they were frequently seen in mathematics texts from the late 15th century to the early 16th century. Numerous of these texts used the Rule of Three, interest rates, and profit and loss to illustrate these techniques. Interest rates were typically stated in hundredths by the 17th century.

Summary:-

If the Manufacturer Gains 10%, the Wholesale Dealer 15% and the Retailer 25%, Then Find the Cost of Production of a Table if the Retail Price Was Rs 1265.

If the manufacturer gains 10%, the wholesale dealer 15% and the retailer 25%, then the cost of production of a table if the retail price was Rs 1265 is Rs 800

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