Interview Questions and Answers

The price of an item including tax is Rs.2376. The tax levied on it is 8% and the shopkeeper has made a profit of 10%. Find its CP.

A  

Rs.2200

B  

Rs.2160

C  

Rs.1967

D  

Rs.2000


Correct Option - D

Explaination

The price of the item before tax

= 2376*(100/108)

= Rs.2200

Profit = 10%

CP = 2200*(100/110)

 = Rs.2000

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