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 :
Answer & Explanation
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
View Answer
Report Error
Discuss