If distributor allowed two successive discounts of 5% and 12.5% on marked price, then find the profit made by distributor on selling of one bottle?
5Direction: Read the data carefully and answer the questions.
A company is the producer of bottles and it used to sell bottles through distributor on a condition that on selling the stock of every 50 bottles, he will get Rs. 1000 as commission. The distributor is responsible to sell all those bottles to retailers. If he marks the bottles at the price which is 30% above the production cost (cost price) and allows a discount of Y%. He sells total of ‘X’ bottles which is 40 less than total received stock by him. Total production price of whole stock of bottles received by him to sell to retailers is Rs. 7.8 lakhs. The commission received by distributor is Rs. 7000 and he made a profit of Rs 1.4 lakhs on selling the bottles.
Q:
If distributor allowed two successive discounts of 5% and 12.5% on marked price, then find the profit made by distributor on selling of one bottle?
- 1Rs.161.25true
- 2Rs.162.25false
- 3Rs.172.25false
- 4Rs.176.25false
- 5Rs.174.25false
- Show AnswerHide Answer
- Workspace