Subject

    Quantitative Aptitude

    Topic

    Profit & Loss

    The sale price of an electronic appliance including the sales tax is Rs. 6,552. The rate of Sales Tax is 12%. If the vendor has made a profit of 17% , then the cost price of the article is :

    ক)
    Rs. 5000
    খ)
    Rs. 5150
    গ)
    Rs. 5500
    ঘ)
    Rs. 6000
    ঙ)
    None of these

    Explanation

    Let the C.P. of the article be Rs. x. S.P. of the article = C.P. + Profit = x + (17% of x) = x + 0.17x = 1.17x Sales tax = 12% of 1.17x = 0.1404x Sale price of the article = Rs.6,552 ⇒ S.P. of the article + Sales tax = Rs.6552 ⇒ 1.17x + 0.1404x = 6552 ⇒ x = 6552/1.3104 = Rs.5000

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