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A shopkeeper sells an article, whose cos...

A shopkeeper sells an article, whose cost price is Rs. 500 for Rs. 616 including a sales tax @x%, and for a profit of Rs. 50. Find x.

A

0.08

B

0.1

C

0.12

D

0.09

Text Solution

Verified by Experts

The correct Answer is:
C
(i) Sales tax =[(616-50)-500]=66
(ii) Percentage of sales tax `=("Sales tax")/("SP")xx100`.
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