The owner of a cell phone shop charges his customer 23% more than the cost price. If a customer paid Rs.6,040 for a cell phone, then what was the cost price of the cell phone? Choose the correct choice from the following answers:
A) Rs.5,845  B) Rs.6,750  C) Rs.5,700  D) Rs.4,910  E) None of these
Explanation:   123% of CP =SP   Therefore, CP = Rs.6,040x100/123 = Rs.4910   Answer: Option Rs.4,910
<result>D</result>
The owner of a cell phone shop charges his customer 23% more than the cost price. If a customer paid Rs.6,040 for a cell phone, then what was the cost price of the cell phone?