The sales boy of a washing machine store charges his customers 24% more than the cost price. If a customer paid Rs. 6,200 for a washing machine, then what was the cost price of the washing machine?

Explanation

Given: The sales boy of a washing machine store charges his customers 24% more than the cost price. Now, let the cost price of washing machine be "X". Then, according to the question, Selling Price = X + 24% of X = 6200 24 X × (1 + 100 ) = 6200 ​ X = 6200×100 124 ​ X = 5000 Hence, the cost price of the washing machine is Rs. 5000.