Final answer:
The total hire purchase price of the bicycle is the sum of the deposit and the monthly installments, which amounts to $354.
Step-by-step explanation:
The total hire purchase price of the bicycle is calculated by adding the initial deposit to the total of all monthly installments. The deposit is $69, and there are ten monthly installments of $28.50 each.
If we calculate the total of the monthly installments, we have 10 installments × $28.50 = $285. So, the total amount paid over time with hire purchase is the deposit plus the installments which is $69 + $285 = $354.
Therefore, the total hire purchase price of the bicycle is $354.