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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:

Option 1)
Rs 500
Option 2)
Rs 575
Option 3)
Rs 550
Option 4)
Rs 600
Option 5)
Rs 515

Answers (1)

best_answer

1.1 of SP = 616

SP = 560

CP = $\frac{560}{1.12}=500$

Posted by

rishi.raj

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