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:
Answer & explanation
Correct answer: option 1
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