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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:
- ARs. 500
- BRs. 530
- CRs. 560
- DRs. 630
Correct answer: A
Discussion 1
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CCommunity
Rs. 500
110% of S.P. = 616
S.P. = (616 * 100)/110 = Rs. 560
C.P = (110 * 560)/112 = Rs. 500
110% of S.P. = 616
S.P. = (616 * 100)/110 = Rs. 560
C.P = (110 * 560)/112 = Rs. 500