Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Meena Kumari goes to a shop and buys a saree, costing ₹5,225, including sales tax of 12%. The shopkeeper gives her a discount, so that the price is decreased by an amount equivalent to sales tax. The price is decreased by (nearest value). [IBPS—Bank Specialist Officer (Marketing) Exam, 2016]
(a)` 615
(b)` 650
(c)` 560
(d)` 580
Answer
Answer (as printed): C
Explanation
Price of saree including sales tax = ` 5225 Cost price without sales tax 5, 225 = × 100 = 4, 665 112 The price is decreased = ` (5,225 – 4,665) = 560
Explanation as extracted from the printed page; notation may be imperfect.