Question

A wholesaler sells his goods at profit of 20% to a retailer. A retailer sells goods at a profit of 25% on Rs. 3,375. The cost price of goods for the wholesaler was

• A. Rs. 2,700
• B. Rs. 2,250
• C. Rs. 2,400
• D. Rs. 2,475

Answer 1

The correct option is B Rs. 2,250

solution:

let $x$ be the price which wholesaler gets

let $y$ be the price for which wholesaler sells

and let y be the

$x+.20x=y(---i)$

$y+.25y=3375---\left(ii\right)$

from equation 2nd we get

$1.25y=3375$4

y =$\frac{3375}{1.25}$

$y=2700$

putting y in equation 1 we get

$1.20x=2700$

$x=\frac{2700}{1.20}$

$x=2250$

hence the correct option : B