Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsProfit, Loss, and Discount
The price of a bicycle is Rs. 6480 inclusive of 8% GST. What is the original price of the bicycle?
- A.Rs. 5984
- B.Rs. 5960
- C.Rs. 6000Correct answer
- D.Rs. 6020
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Practice these MCQs in the appQuick fact: Let the original price be $x$, then $x + 8\% \text{ of } x = 6480 \Rightarrow 1.08x = 6480 \Rightarrow x = \frac{6480}{1.08} =$ Rs. 6000.