# Profit & Loss Mcqs

Q.  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

ANSWER: See Answer

CP = SP * (100/(100 + profit%))

= 8339(100/124) = Rs. 6725.
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