The owner of a cell phone shop charges his customer 23% more than the cost price. If a customer paid Rs.7,011 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.6,925  E) None of these
Explanation:   123% of Rs.5,700P =SP   Therefore, Rs.5,700P = Rs.7,011x100/123 = Rs.5700   Answer: Option Rs.5,700
<result>C</result>
The owner of a cell phone shop charges his customer 23% more than the cost price. If a customer paid Rs.7,011 for a cell phone, then what was the cost price of the cell phone?