Question

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 a manufacturing cost of each bicycle

Answer 1

$\underline{\underline{\Huge\mathfrak{Answer ;}}}$

• Let the cost price of the bicycle including 9 % VAT be $ 'x'

• Selling price of each bicycle = $ 1308

So, according to the question ;-

=> x + (x*20)/100 = 1308
=> x + x/5 = 1308
=> (5x + x)/5 = 1308
=> 6x/5 = 1308
=> 6x = 1308*5
=> 6x = 6540
=> x = 6540/6
=> x = 1090

So, Cost price including 9 % VAT of the bicycle is $ 1090.

• As 9 % VAT is already added in $ 1090.
So, manufacturing cost of each bicycle = (1090*100)/109

=> 109000/109
=> $ 1000

• So, the manufacturing cost of each bicycle is $ 1000.

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- Regards
@dmohit432

Answer 2

Heyy mate ❤✌✌❤

Here's your Answer...

⤵️⤵️⤵️⤵️⤵️

List price be x 

VAT - 9%of x

bill amount 1308

x+9x/100=1308

x= 1200

lp =1200

p%= 20% 

c.p + p= l.p

x +20x/100=1200 

x=1000

market price = 1000
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