The selling price of a mobile phone is ₹ 59,620 and it was sold at 8.4% profit. The cost price (in ₹) of the mobile phone is:

52,000 55,000 45,000 50,000

55,000

According to the question 8.4% profit means 108.4% of the cost price. 108.4% of the cost price = ₹ 59,620 100% of the cost price =  \(\frac{59620 × 100}{108.4}\) = 55000