Question

The sale price of an article including the sales tax is Rs 1232. the rate of sales tax is 10%.If the shopkeeper has made a profit of 12%, then the cost price of the article is Rs?

Answer 1

Cost price = a

tax = a x 10/100 = 10a/100

SP without tax = a x 112/100 = 112a/100

Sales price including tax = 1232

10a/100 + 112a/100 = 1232

122a = 123200

a = 123200/122 = 1009.836

Cost price of the article = Rs.1010