A bicycle manufacture sell a bicycle at $1308 after adding the VAT at the rate of 9% till he makes a profit of 20% on the sell of each bicycle. What is the manufacturing cost of each bicycle?
Let CP of the bicycle including VAT be x
Selling price of bicycle is $1308
Profit ![]()
![]()
![]()
![]()
![]()
![]()
CP of the bicycle including VAT IS $1090
Let the manufacturing CP of the bicycle is y so
![]()
![]()
![]()
y = 1000
Manufacturing cost of bicycle is $1000
Couldn't generate an explanation.
Generated by AI. May contain inaccuracies — always verify with your textbook.