Question

Mr gurung bought a secondhand bike for Rs 125200. He spent RS 5300 to repair it. At what price should he sell it to gain 5% on his total investment?

Answer 1

Money spent on buying 2nd handbike=125200

Money spent on repairs=5300

Total money spent=125200+5300=130500

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

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

130500+[ ( 130500*5)/100]

130500+[652500/100]

130500+[6525]

=137025

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

Hope it helpzz.Pls mark as brainliest answer.