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The owner of a cell phone shop charges h...

The owner of a cell phone shop charges his customer 28% more than the cost price.If the customer paid र 8960 for the cell phone, what was the cost price of the cell phone?

A

र 7800

B

र 7000

C

र 6900

D

र 6850

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AI Generated Solution

The correct Answer is:
To find the cost price of the cell phone given that the selling price is 8960 and the owner charges 28% more than the cost price, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the relationship between Selling Price (SP), Cost Price (CP), and Profit**: - The selling price is calculated as: \[ SP = CP + \text{Profit} \] - Since the profit is 28% of the cost price, we can express it as: \[ \text{Profit} = 0.28 \times CP \] - Therefore, we can rewrite the selling price as: \[ SP = CP + 0.28 \times CP = 1.28 \times CP \] 2. **Set up the equation**: - We know the selling price (SP) is 8960, so we can set up the equation: \[ 8960 = 1.28 \times CP \] 3. **Solve for the Cost Price (CP)**: - To find CP, we rearrange the equation: \[ CP = \frac{8960}{1.28} \] 4. **Perform the division**: - To simplify the division, we can convert 1.28 to a fraction: \[ 1.28 = \frac{128}{100} = \frac{32}{25} \] - So, we can rewrite CP as: \[ CP = 8960 \times \frac{25}{32} \] 5. **Calculate the multiplication**: - First, divide 8960 by 32: \[ 8960 \div 32 = 280 \] - Then multiply by 25: \[ CP = 280 \times 25 = 7000 \] 6. **Conclusion**: - The cost price of the cell phone is: \[ CP = \text{Rs } 7000 \] ### Final Answer: The cost price of the cell phone is Rs 7000. ---
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