CampusFin

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?

Review the verified answer and explanation for this PPSC Punjab Public Service Commission past-paper question on CampusFin.

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? Answer: 4000

Question context

This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the PPSC Punjab Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.