A furniture retailer prices items 24% above cost. If a customer paid Rs. 8339 for a computer table, what was its cost price?
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Answer: D. Rs. 6725
Explanation
A twenty four percent markup means the selling price equals one point two four times the cost price. Dividing the final customer purchase price of eight thousand three hundred thirty nine by one point two four isolates cost. Completing the division yields an exact cost price of sixty seven twenty five rupees. Retail markup pricing expresses selling price as a percentage increase over original wholesale cost. Division is used to reverse markup calculations and recover the original item cost price. Decimal multipliers simplify working with percentage markups in commercial financial calculations.
Retail accounting departments calculate original item costs from final customer receipt totals. Pricing strategies rely on accurate markup multipliers to ensure desired profit margins are achieved. Understanding commercial arithmetic helps business owners manage inventory valuation effectively. Option A suggests fifty seven twenty five rupees which underestimates the calculated cost price. Option B suggests fifty two seventy five rupees which fails to match the divisor calculation. Option C suggests sixty two seventy five rupees which produces an incorrect markup product.
- Subject
- Mathematics
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- Mathematics
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- Difficulty
- medium
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