In a market, at the time of selling jute bag, the producer, wholesaler and retailer make profits of 15%, 20% and 25% respectively. Now if a bag reaches to buyer through producer, wholesaler and retailer, then let us find out the answers of the following questions:
(i) Let us calculate and write the production cost of a bag which is bought by a buyer at Rs. 138.
(ii) Let us calculate and write the price of the bag at which the buyer will buy when its production cost is Rs. 140.
(iii) The bag which a retailer has bought at Rs. 98, let us calculate and write that how much money will be given by a buyer for that bag.
(iv) The bag which the wholesaler has bought at Rs. 175, let us calculate and write that how much money, a buyer will give to buy that bag.
(v) The bag which a buyer has bought at Rs. 276, if that bag would have been bought directly from the wholesaler then how much money would be saved let us calculate and write it.
Let the production cost of jute bag be ₹ x.
Now, Profit for producer = 15%
∴ Selling price of producer ![]()
Cost price for wholesaler = selling price of producer ![]()
Profit for wholesaler = 20%
∴ selling price of wholesaler![]()
![]()
Cost price for retailer = selling price of wholesaler
![]()
Profit for retailer = 25%
∴ selling price of retailer ![]()
![]()
(i) Let the production cost of jute bag be ₹ x.
After successive profits by producer, wholesaler and retailer,
The final price for the buyer ![]()
= ₹ 1.725x
⇒ 1.725x = 138
⇒ x = 80
So, the production cost for the jute bag is ₹ 80.
(ii) Given the production cost of jute bag = ₹ 140
After successive profits by producer, wholesaler and retailer,
The final price for the buyer ![]()
= ₹ 241.5
(iii) The cost price for the retailer = ₹ 98
The profit retailer makes on the bag = 25%
The final price for the buyer ![]()
= ₹ 122.5
(iv) The cost price for the wholesaler = ₹ 175
The profit wholesaler makes on the bag = 20%
The successive profit retailer makes on the bag = 25%
The final price for the buyer
= ₹ 262.5
(v) The buying price of buyer = The selling price for the retailer = ₹ 276
Let the selling price of wholesaler be ‘x’.
Now, as retailer makes 25% profit on wholesaler’s price, therefore buyer’s price will be
![]()
![]()
⇒ 5x = 1104
⇒ x = 220.8
So, if buyer would have bought directly from wholesaler he would had a profit of (276 - 220.8 = 55.2 ₹)
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