4   10    612   96    4816    152    ? 

10 - 6 = 4
Which is divisible by the 1st number i.e 4/4

96 - 48 = 48
which is divisible by the 1st number i.e 48/1

Now, Comes the vital part, Option Verification

152 - 110 = 42, which is not divisible by the 1st number i.e 42/16

152 - 104 = 48, which is divisible by the 1st number i.e 48/16 = 3

152 - 112 = 40, which is not divisible by the 1st number i.e 40/16

152 - 124 = 28, which is not divisible by the 1st number i.e 28/16

Therefore the option is - 104

the correct way:

4 square -10=6

12 square - 96 = 48

so 16square -152 = 104