mohan purchased a bike and spent rs.400 for its repairs. he sold the bike for rs.5800 and made a profit of 16%. at what price did he purchase the price
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money spent on bike repairs Rs 400
he sold the bike for Rs 5800 and make a profit of 16% then,
according to question,
16/100*5800
= 928 rs.
so we can say that he earn profit of rupees 928
however, 928 - 400( he earn on repair 400 rs. )
= 528 rs.
price at which he purchase bike = 5800 + 528 = 6328 rs.
i hope! that it helps you
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