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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?

/ Mathematics Mcqs, Profit and Loss Mcqs / By
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?

A. Rs. 5725
B. Rs. 5275
C. Rs. 6275
D. Rs. 6725
E. None of these
Explanation:
CP = SP * (100/(100 + profit%))
= 8339(100/124) = Rs. 6725.