Answer:
The production cost is Rs 12,500
Step-by-step explanation:
Let the production cost be $x
At any point in time
sales price = cost price +( profit percentage* cost price)
Manufacturer gaining 6%
That would be;
x + 6% of x
x + 0.06x
= 1.06x
Wholesaler gaining 8%
= 1.06x + 8% of 1.06x
1.06x + 0.08(1.06x)
= 1.06x + 0.0848x
= 1.1448x
The for the retailer
= 1.1448x + 10% of 1.1448x
= 1.1448x + 0.11448x
= 1.25928x
1.25928x = 15,741
x = 15,741/1.25928
x = 12,500
