a bicycle manufacturer sells a bicycle at rupees 1308 after adding the VAT at the rate of 9% still he makes a profit of 20% on the sale of each bicycle what is the manufacture cost of each bicycle
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Answer:1000
Step-by-step explanation:
Cost without VAT =
100*1308/109
100*12
1200
CP=
100*1200/120
100*10
1000
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