The sale price of an article including the sales tax is Tk. 616. The rate of sales tax is 10%. If the shopkeepers has made a profit of 12%, then the cost price of the article is :

The sale price of an article including the sales tax is Tk. 616. The rate of sales tax is 10%. If the shopkeepers has made a profit of 12%, then the cost price of the article is : Correct Answer Tk. 500

Hints : Price excluding sales tax. 616 × 100/110 = 560 Cost = 560 × 100/112 = 500
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