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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 :

  • 1
    Rs. 560
  • 2
    Rs. 530
  • 3
    Rs. 500
  • 4
    Rs. 514
  • Show Answer
  • Workspace

Answer : 3. "Rs. 500"
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

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