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Discussion :: Profit and Loss

  1. The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table?
    2. A.
    Rs. 5725
    B.
    Rs. 5275
    C.
    Rs. 6275
    D.
    Rs. 6725
    E.
    None of these

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    Workspace

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    Answer : Option D

    Explanation :

    CP = SP * (100/(100 + profit%)) 

    = 8339(100/124) = Rs. 6725.

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