A manufacturer sells a pair of shoes to a wholesale dealer at a profit of 20%. Wholesalers sell them to retailers at a profit of 25%. The shoes are again sold to the customer for Tk. 50.50, thereby earning a profit of 30%. Find the cost price of the manufacturer.

Profit earned by manufacturer = 20%
Profit earned by wholesaler = 25%
Profit earned by retailer = 30%
S.P. of shoes = Tk. 50

Therefore, 130% of 125% of 120% of x = 50.50
⇒ 120/100 × 125/100 × 130/100 × x = 5050/100
⇒ (195/100) x = 5050/100
⇒ x = (5050 × 100)/(195 × 100)
⇒ x = 25.89
Cost price of shoes = Tk. 25.89