the sale price of article including the sales tax is 616 rs. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%,then the cost price of the article is.?
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Answered by
67
Let the sale price be x
10x/100 +x= 110x/100 or 11x/10
11x/10= 616rs
x= 616 ×10/11
value of x =Rs 560
Let CP be 100
Profit= 12
SP= 112
If SP is Rs 112 then CP = 100
If SP is Rs 560 then CP= 100/112 × 560
= Rs 500
Hope it helps
10x/100 +x= 110x/100 or 11x/10
11x/10= 616rs
x= 616 ×10/11
value of x =Rs 560
Let CP be 100
Profit= 12
SP= 112
If SP is Rs 112 then CP = 100
If SP is Rs 560 then CP= 100/112 × 560
= Rs 500
Hope it helps
Answered by
59
Answer= Rs.500
Calculations Attached.☝
Calculations Attached.☝
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