Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
The owner of a cell phone charges his customer 23% more than the cost price. If a customer paid ₹7011 for a cell phone, then what was the cost price of the cell phone? (Bank Recruitment, 2008)
Answer
Answer (as printed):
Explanation
C.P. = $\frac{100}{123} \times 7011 = ₹5700$.
Explanation as extracted from the printed page; notation may be imperfect.