The owner of a television shop charges his customer 16 more than the cost price If a customer paid R...........

Quant (SSC) Profit and loss

The owner of a television shop charges his customer 16% more than the cost price. If a customer paid Rs. 16588 for a television set, then what was the cost price of the television set?

Rs. 14300

Rs. 15500

Rs. 13800

Rs. 12000

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Explanation:

Let the cost price of the television set be ? x
Then, (100 + 16)% = 16588
100% = x
By the cross multiplication, we get
⇒ x = 16588 × 100 /100 = Rs. 14300