The sale price of an article including the sales tax is ` 1232. The rate of sales tax is 10%. If the… · ABC26GN2871
Subject: General Aptitude · Chapter: Profit and Loss
The sale price of an article including the sales tax is ` 1232. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is [DMRC—Train Operator (Station Controller) Exam, 2016]
(a)` 900
(b)` 950
(c)` 1000
(d)` 1120
Answer
Answer (as printed): C
Explanation
Let the C.P. of article be ` x. Profit = 12% Rate of sales tax = 10% Sale price of an article including sales tax = ` 1232 According to the question. 112x 112x × 10 + = 1232 100 10000 1120x + 112x ⇒ = 1232 1000 ⇒ 1232x = 1232 × 1000 ⇒ x = ` 1000
Explanation as extracted from the printed page; notation may be imperfect.