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 20%, then the cost price of the article is:  Choose the correct choice
A) 500	B) 277	C) 466.7	D) 297	E) 111
Explanation:   110% of S.P. = 616   S.P. = (616 * 100)/110 = Rs. 560   C.P = (100 * 560)/120 = Rs. 466.7   Answer:466.7
<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 20%, then the cost price of the article is: