# CAT 2017 Question Paper | Quants Slot 2

###### CAT Previous Year Paper | CAT Profit and Loss Questions | Question 7

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Question 7 : The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30%. Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is

1. 1500
2. 2000
3. 2500
4. 3000

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##### Method of solving this CAT Question from Profit and Loss

Given that the manufacturer of a table sells it to the whole sale dealer at a profit of 10%

Then the whole sale dealer sells to a retailer at a profit of 30%

The retailer sells to a customer at a profit of 50%

If the customer pays Rs.4290 for the table then 1.1 × 1.3 × 1.5X = 4290
⟹ $$frac{11}{10}$ × $\frac{13}{10}$ × $\frac{3}{2}$X = 4290 ⟹ X = 4290 × $\frac{10}{11}$ × $\frac{10}{13}$ × $\frac{2}{3}$ X$Manufacturing cost) = Rs. 2000

The question is "The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30%. Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is"

##### Hence, the answer is 2000

Choice B is the correct answer

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