ABC26GN2614 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

The sale price of an article including the sales tax is ₹ 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)₹ 500

(b)₹ 515

(c)₹ 550

(d)₹ 600

Answer

Answer (as printed): A

Explanation

110\% of S.P. = $616 \Rightarrow$ S.P. $=₹\left(\frac{616 \times 100}{110}\right)=₹ 560$. ∴ C.P. $=₹\left(\frac{100}{112} \times 560\right)=₹ 500$.

Explanation as extracted from the printed page; notation may be imperfect.

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