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)

1.1 of SP = 616

SP = 560

CP =  \frac{560}{1.12}=500

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