The price of a bicycle is rupees 6480 inclusive 8% GST. What is the original price of the bicycle?
The price of a bicycle is rupees 6480 inclusive 8% GST. What is the original price of the bicycle?
Explanation
Price inclusive of GST = 6480
GST percentage = 8%
First, convert the GST percentage to a decimal:
8% = 0.08
Now, divide the price inclusive of GST by (1 + GST decimal):
6480 ÷ (1 + 0.08) = 6480 ÷ 1.08 = 6000
So, the original price of the bicycle is 6000.