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A company sold an article worth Rs. 1000 to a dealer at 10% profit. The dealer sold it to a sub-dealer retaining a profit of 10%. The sub-dealer sold it to his customer at a profit of 10%. What was the cost price for the customer?

A company sold an article worth Rs. 1000 to a dealer at 10% profit. The dealer sold it to a sub-dealer retaining a profit of 10%. The sub-dealer sold it to his customer at a profit of 10%. What was the cost price for the customer? Correct Answer Rs. 1,331.00

Given:

Company sold an article = Rs. 1000

Formula:

SP = CP × (100 + Profit%)/100

Calculation:

Cost price for the customer = 1000 × 110/100 × 110/100 × 110/100 = Rs. 1,331

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