Sawaal
64
Q:

The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is :

A) Rs. 560 B) Rs. 530
C) Rs. 500 D) Rs. 514

Answer:   C) Rs. 500



Explanation:

110% of S.P. = Rs. 616

S.P. = (616 x 100)/110 = Rs. 560

C.P = (110 x 560)/112 = Rs. 500

Subject: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO
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