The owner of a furniture shop charges his customer 24% more than the cost price.

The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8463 for a computer table, then what was the cost price of the computer table?

Quiz

Answer/Solution

6825

Steps/Work

Explanation:
CP = SP * (100/(100 + profit%))
= 8463(100/124) = Rs. 6825.
Answer: A