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A shopkeeper sells an article, whose cos...

A shopkeeper sells an article, whose cost price is Rs. 400, for Rs. 462 including sales tax @ 5%. Find the profit percentage of the shopkeeper.

A

0.07

B

0.12

C

0.1

D

0.08

Text Solution

Verified by Experts

The correct Answer is:
C
(i) Sales tax paid by the shopkeeper `=(462xx100)/(105)`.
(ii) Selling price =Rs. (462-sales tax).
(iii) Profit %`=("Profit")/("CP")xx100`
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