Question

Mr gurung bought a second hand bike for Rs125200.He spent Rs 5300to repair it.At what price should he sell to gain 5%on his total investment ??

Answer 1

Answer:

₹ 137025

Step-by-step explanation:

money spent on buying 2nd hand bike = 125200

money spent on repairs =  5300

total money spent = 125200 + 5300

= 130500

to gain 5% on total investment, he must sell at:

130500 + [ ( 5/100 ) * ( 130500 ) ]

= 130500 + [ ( 130500 * 5 ) / 100 ]

= 130500 + [ 652500 / 100 ]

= 130500 + [ 6525 ]

= 137025

therefore Mr. Gurung must sell the bike at ₹ 137025 to gain 5% on total investment