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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 :5
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 :
- 1Rs. 560false
- 2Rs. 530false
- 3Rs. 500true
- 4Rs. 514false
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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