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 12%, then the cost price of the article is
Pick:
A) Rs. 500 B) Rs. 515 C) Rs. 550 D) Rs. 600 E) None
Solution   110% of S.P. = 616	‹=› S.P.=(616x100/110).   ‹=› Rs. 560.   C.P.	‹=› Rs.(100/112 x 560)   ‹=› Rs. 500.   Rs. 500nswer Rs. 500
<result>A</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 12%, then the cost price of the article is