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Ashley bought a bike priced at INR 150000 at a discount of 40% and after some days, the bike got damaged and Ashley spent INR 10000 to get it repaired. His friend Eliza offered some amount to buy that bike which brought a profit of 50% to Ashley. What is the price for bike paid by Eliza?

Ashley bought a bike priced at INR 150000 at a discount of 40% and after some days, the bike got damaged and Ashley spent INR 10000 to get it repaired. His friend Eliza offered some amount to buy that bike which brought a profit of 50% to Ashley. What is the price for bike paid by Eliza? Correct Answer INR 150000

Given:

Ashley bought a bike priced at INR 150000 at a discount of 40%

Calculation:

Original price of bike= INR 150000

Ashley bought at discount of 40% = INR 150000 × (60 / 100) = INR 90000

Cost after repairment = INR 90000 + INR 10000 = INR 100000

 Profit of 50% to Ashley on further selling = INR 100000 × (150 / 100) = INR 150000

∴ Price for bike paid by Eliza = INR 150000

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