A wholesaler marks up goods by 50% and gives 12% trade discount. Retailer marks up by 20% and offers 8% discount. Customer pays ₹12,216. What is wholesaler's cost price approximately?

Question

Accepted Answer

1. Let wholesaler cost be $C$. Marked price = $1.5C$. After 12% trade discount retailer pays $1.5C	imes0.88=1.32C$.

2. Retailer marks up 20%: marked price = $1.32C	imes1.2=1.584C$. After 8% discount customer pays $1.584C	imes0.92=1.45728C$.

3. Set final price $1.45728C=12216$. So $C=12216/1.45728\approx 8383$.

4. Closest option is **(b) ₹8,383**.

FINAL_ANSWER: b

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