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Raju sold a bicycle to Amit for 8% profit. Amit repaired it, spending Rs. 54. Then he sold the bicycle to Nikhil for Rs. 1134 with no loss and profit. Find the cost price of the bicycle for which Raju purchased it.

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Detailed Solution

Given:
Let the cost price of the bicycle for which Raju purchased it be x.
Selling price of the bicycle: 108% of cost price

Amit repaired it spending: 54.
Cost price of the bicycle for which Nikhil purchased:

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