Subject

    Quantitative Aptitude

    Topic

    Profit & Loss

    The sale price of an article including the sale tax is Rs. 616. The rate of sale tax is 10 %. If the shopkeeper has made a profit of 12%, the cost price of the article is

    ক)
    Rs 500
    খ)
    Rs 515
    গ)
    Rs 550
    ঘ)
    Rs 600

    Explanation

    110% of S.P. = 616 = S.P. = Rs.(616 x 100/110) = Rs.560. C.P. = Rs (100/112 x 560) = Rs 500

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