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A shopkeeper sold an article, costing Rs...

A shopkeeper sold an article, costing Rs. 360, for Rs. 495 including a sales tax of y% at a profit of Rs. 90. Find y.

A

8

B

12.5

C

15

D

10

Text Solution

Verified by Experts

The correct Answer is:
D
Cost price =Rs. 360
Profit = Rs. 90
The price excluding sales tax = Rs. 360+90=Rs. 450
Sales tax `=(y)/(100)(Rs450)=Rs. 4.5y`
Selling price including sales tax (in Rs.) `=450+4.5y
450+4.5y=495 implies y=10`.
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