A wholesaler marks up goods by 50% and gives a 12% trade discount. A retailer marks up by 20% and offers an 8% discount. The customer pays ₹12,216. What is the wholesaler's cost price approximately?

Question

Accepted Answer

₹ 8,383. The retailer’s net multiplier is 1.20 × 0.92 = 1.104. So the wholesaler’s selling price is 12,216 ÷ 1.104 = 11,065. The wholesaler’s net multiplier is 1.50 × 0.88 = 1.32, so cost price = 11,065 ÷ 1.32 ≈ ₹8,383.

A wholesaler marks up goods by 50% and gives a 12% trade discount. A retailer marks up by 20% and offers an 8% discount. The customer pays ₹12,216. What is the wholesaler's cost price approximately?

Solution

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