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 did the shop

Question

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 did the shop spend originally? How much profit did the bike shop or in by selling the bicycle + helmet to you?

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Anna 1 week 2021-09-08T18:18:09+00:00 1 Answer 0

Answers ( )

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    2021-09-08T18:19:15+00:00

    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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