The owner of a cell phone shop charges his customer 23% more than the cost price.

The owner of a cell phone shop charges his customer 23% more than the cost price. If a customer paid Rs.8,302 for a cell phone, then what was the cost price of the cell phone?

Quiz

Answer/Solution

Rs.6,750

Steps/Work

Explanation:
123% of CP =SP
Therefore, CP = Rs.8,302x100/123 = Rs.6750
Answer: Option B