The owner of a furniture shop charges his customer 28% more than the cost price. If a customer paid ₹ 23680… · ABC26GN2611

Subject: General Aptitude · Chapter: Profit and Loss · Exam: Bank Recruitment 2009

The owner of a furniture shop charges his customer 28\% more than the cost price. If a customer paid ₹ 23680 for a dining table set, then what was the original price of the dining set?

(a)₹ 15700

(b)₹ 16250

(c)₹ 17500

(d)₹ 18500

(e)None of these

Answer

Answer (as printed): D

Explanation

S.P. $=₹ 23680$. Profit $=28 \%$. ∴ C.P. $=₹\left(\frac{100}{128} \times 23680\right)=₹ 18500$.

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Profit and Loss

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