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On selling a commodity, the profit of a wholesale seller is 20% and the profit of retail seller is 20%. If the retail selling pric

By Reagan

On selling a commodity, the profit of a wholesale seller is 20% and the profit of retail seller is 20%. If the retail selling price of the commodity is TK.576,what is the cost price of the wholesaler?​

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Reagan

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Rahul wants to fence a circular garden of diameter 14m. Find the length of the rope he needs to purchase, if he makes 3 rounds of

2 thoughts on “On selling a commodity, the profit of a wholesale seller is 20% and the profit of retail seller is 20%. If the retail selling pric”

  1. Answer:

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    Correct option is

    B

    Rs. 18; 18.75%

    Let the list price of the article be Rsx

    So, the retailer bought it from the wholesaler at (100−20)=80 % of x=Rs.0.8x

    And the retailer sold it at (100−5)=95 % of x=Rs.0.95x

    Given, 0.95x=Rs114

    =>x=Rs120

    So, for the retailer,

    C.P..=Rs0.8x=Rs.0.8×120=Rs96

    And given SP=Rs.114

    =>Profit=S.P.−C.P.=Rs.114−Rs.96=Rs.18

    Hence, profit % =

    C.P.

    S.P.−C.P.

    ×100=

    96

    18

    ×100=18.75 %

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