Meena Kumari goes to a shop and buys a saree, costing Rs. 5225, 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) ?

Solution (By Examveda Team)

Price of the saree including sales tax = Rs. 5225
Cost price without sales tax
$$\eqalign{ & = \frac{{5225}}{{112}} \times 100 \cr & = 4665 \cr & {\text{The price decreased}} \cr & = {\text{Rs}}{\text{.}}\left( {5225 - 4665} \right) \cr & = {\text{Rs}}{\text{. }}560 \cr} $$