if 16 profit on a mobile set is 832 find the cost price of mobile set

What is the cost price of the mobile set

If 16% profit on a mobile set is Rs.832

To find the cost price of the mobile set, we can use the following formula:

Cost Price = Selling Price - Profit

Given that the profit is 16 and the selling price is 832, we can substitute these values into the formula:

Cost Price = 832 - 16

Now, we can calculate the cost price:

Cost Price = 816

Therefore, the cost price of the mobile set is 816.

if you mean 16% is 832, then

.16x = 832

...

%Profit = (Gain/ Cost Price )*100