Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of a book, including the sales tax, is ₹ 956.34. The rate of sales tax is 10%. If the shopkeeper has made a profit of 15%, then the cost price of the book is:

Options:

₹756

₹797.34

₹845.98

₹836

Correct Answer:

₹756

Explanation:

The selling price of a book, including the sales tax = ₹ 956.34

Tax = 10% and 

Profit made by shopkeeper = 15%

Then the cost price of the book = 956.34 × \(\frac{100}{110}\) × \(\frac{100}{115}\) = 756