Meena Kumari goes to a shop and buys a saree, costing ₹ 5,225, including sales tax of 12%. The shopkeeper gives her a discount, so that the price is decreased by an amount equivalent to sales tax. The price is decreased by (nearest value).
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
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A₹ 615
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B₹ 650
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C₹ 560
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D₹ 580
Answer
Correct Answer: ₹ 560
Explanation
### Concept & Logic
The problem asks for the exact monetary value of the sales tax embedded in the total cost. If an item includes a $T\%$ tax, the base price represents $100\%$ and the final price represents $(100 + T)\%$.
### Step-by-Step Solution
1. Let the original Marked Price (without tax) of the saree be $x$.
2. The price includes a $12\%$ sales tax, so the final price represents $112\%$ of the Marked Price.
$$1.12 \times x = 5225$$
3. Solve for $x$ (the base price before tax):
$$x = \frac{5225}{1.12} = 4665.178...$$
4. Calculate the sales tax amount:
$$\text{Sales Tax} = \text{Final Price} - \text{Base Price}$$
$$\text{Sales Tax} = 5225 - 4665.178 = 559.822...$$
5. The shopkeeper decreases the price by an amount equivalent to this sales tax. We need to find the nearest integer value to $559.822$.
6. Rounding to the nearest value gives ₹ $560$.
### Exam Strategy & Shortcut
The sales tax portion is simply the fraction $\frac{12}{112}$ of the total inclusive price.
$$\text{Discount Amount} = \frac{12}{112} \times 5225$$
$$\text{Discount Amount} = \frac{3}{28} \times 5225 \approx 559.82$$
The nearest given option is 560.
### Common Pitfall
A frequent error is calculating the $12\%$ discount directly on the final price of ₹ 5225 ($5225 \times 0.12 = 627$). Tax is calculated on the pre-tax amount, not the post-tax amount.
### Final Answer
Therefore, the correct answer is **₹ 560**.