Profit and loss

Quantitative Aptitude ( CCS)

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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 [The Pearson Guide book]

Rs 500

Rs 515

Rs 550

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

By: Sandeep Dubey

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