Ramu buys a bicycle for Rs.2400. Ile spends Rs.700 for Refitting and sells it at a loss of 8% what is the selling price of the bicycle?
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Let original price of the article be Rs. 100.
GST = 12%
Price after GST is included = Rs. 100 + Rs. 12 = Rs. 112
When the selling price is Rs. 112 then original price = Rs. 100
When the selling price is Rs. 784, then original price =
112
100
×784=700
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