Subject

    Quantitative Aptitude

    Topic

    Profit & Loss

    The sales price of an item including the sales tax is Tk. The tax rate is 10%. If the shopkeeper made a profit of 12%, what was the cost price of the item in Tk?

    ক)
    500
    খ)
    513
    গ)
    550
    ঘ)
    None of these

    Explanation

    110% of S.P. = 616 Tk. = S.P. = Tk.(616 x 100/110) = Tk.560. C.P. = Tk.(100/112 x 560) = Tk.500

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