Question

A shope keaper raise a price 5 % of a cycle .charge 12% sales tax coustmer py 4680 what is cycle market price

Answer 1

Answer:

Let the marked price of a cycle be X.

Then, the raised price = X + 5% of X= X + 5X/100 = 21X/20

Sales tax = 12% of X = 12/100 X = 3/25 X

Therefore, the price payable = 21X/20 + 3X/25 = 105X + 12X/100 = 117X/100

According to the problem we get, 117X/100 = 4680

X = 4680 × 100/117

= 4000