Question

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 :
A) Rs. 560
B) Rs. 530
C) Rs. 500
D) Rs. 514

Answer 1

Hey mate ^_^

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Answer:
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110% of Selling Price = 616

So,

Selling Price

$= Rs. ( \frac{616 \times 100}{110} )$

$= Rs. 560$

Therefore,

Cost Price

= $Rs.( \frac{100}{112} \times 560)$

$= Rs. 500$

Therefore,

Correct option C) Rs. 500

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