The sale price of an article including the sales tax is Rs560 The rate of sales tax is 16 2 3 If the...........

Quantitative Aptitude ( CCS) Profit and loss

The sale price of an article including the sales tax is Rs560. The rate of sales tax is 16(2/3)%. If the shopkeeper has made a profit of 14(2/7)% then find the cost price (in rupees)?

420

450

500

550

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Explanation:

Solution:
Sales tax = 16(2/3)% = 1/6
After sales tax………………SP
. 7………………………..6
Gain = 14(2/7)% = 1/7
CP………….SP
7…………….8
Make SP same
CP…………SP……….sales tax
21………….24………….28
420………………………560