Question 438774: A manufacturer sells its goods at a profit of 7 percent to a wholesaler,the wholesaler sells same goods to a retailor at aprofit of 5 percent,in turn the retalor sells the same goods to a customer at $930 and makes 12 percent profit on it.Find out the manufacturing cost of the goods?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! A manufacturer sells its goods at a profit of 7 percent to a wholesaler,the wholesaler sells same goods to a retailor at aprofit of 5 percent,in turn the retalor sells the same goods to a customer at $930 and makes 12 percent profit on it.Find out the manufacturing cost of the goods?
------------------------
Let the manufactring cost be "x":
Equation:
x(1.07)(1.05)(1.12) = 930
---
x = 930/1.25832 = $739.08
================================
Cheers,
Stan H.
|
|
|
