A bike shop sells you a bicycle for $63 and a helmet for $21 the total cost is 150% of what the shop spent originally how much d
id the shop spend originally? How much profit did the bike shop or in by selling the bicycle + helmet to you?
1 answer:
Answer:
Step-by-step explanation:
Selling price for the shop = 63 + 21 = $84
As given,
Selling price for the shop = 150% of cost price of the shop
∴ 84 = 1.5 * Cost price
∴ Cost price = $56
Profit earned by bike shop = Selling Price - Cost price = 84 - 56 = $28
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