The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 16%, then the cost price of the article is:
Choose the correct answer
A) 500  B) 334  C) 531  D) 664  E) 5598
110% of S.P. = 616   S.P. = (616 * 100)/110 = Rs. 560   C.P = (110 * 560)/116 = Rs. 531   Answer: Option 531
<result>C</result>
The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 16%, then the cost price of the article is: