A shopkeeper raises the price of a cycle by 5% above the market price and charges 12% saves sales tax on the market price. As a result, a customer has to pay Rs. 4680 for the cycle. What is the market price of the cycle?
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Answer:
A shopkeeper raises the price of a cycle by 5% above the market price and charges 12% saves sales tax on the market price. As a result, a customer has to pay Rs. 4680 for the cycle. What is the market price of the cycle 4000.
