Question

mohan purchased a bike and spent 400 for its repairs. he sold the bike for 5800 and made a profit of 16% at what price did he purchase the bike

Answer 1

c.p= x

s.p=5800

p%=16=

p=16÷100×x=4x/25

s.p= c.p+x

5800=29x/25

=5800

Answer 2

Answer:

Profit=SP-P%

=5800-16%

=928

CP=5800-928

=4872

Purchase price= CP-Cost of repair

=4872-400

= 4472.