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Discussion :: Profit and Loss

  1. 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:
    2. A.
    Rs. 500
    B.
    Rs. 515
    C.
    Rs. 550
    D.
    Rs. 600

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    Answer : Option A

    Explanation :

    110% of S.P. = 616

    S.P. = (616 * 100)/110 = Rs. 560

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