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If a manufacturer gains 10 percent, wholesaler 15 percent and retailer 25 percent, then the production cost of an article, whose retail price is $ 1,265, is
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- $ 700
- $ 750
- $ 800
- $ 900
Correct Option: C
Here , retail price = $ 1,265
According to question ,
∴ Production cost = 1265 × | × | × | ( 100 + 25 ) | ( 100 + 15 ) | ( 100 + 10 ) |
Production cost = 1265 × | × | × | = $ 800 | | 125 | 115 | 110 |