Question

A) Mr. Gurung bought a secondhand bike for Rs 1,25,200. He spent Rs 5,300 to repair it. At what price should he sell it to gain 5% on his total investment?

a) Rs 1,30,000
b) Rs 1,30,200
c) Rs 1,31,000
d) Rs 1,31,200

Answer 1

Mathematics problem deals with calculating the selling price for a 5% profit on the total investment in a secondhand bike. Total investment is Rs 1,30,500 including purchase and repair costs. The selling price for a 5% gain should be Rs 1,37,025, which does not match the options provided.

Step-by-step explanation:

The subject of the question is Mathematics, specifically dealing with the concept of percentage profit in financial mathematics. Mr. Gurung's total investment includes the cost of the bike and the cost of repairs, which is Rs 1,25,200 + Rs 5,300 = Rs 1,30,500. To calculate the selling price that would give him a 5% profit, we use the formula: Selling Price = Total Investment * (1 + Profit Percentage/100). Therefore, Selling Price = Rs 1,30,500 * 1.05 = Rs 1,37,025. However, this amount does not match any of the given options, suggesting there may have been an error in the question or the provided options.