Question

Peter bought a bicycle for $110 and spent another $25 on extra fittings. He later sold it to john at a profit of 22% .solve the selling price.

Two weeks after john bought the bicycle he sold it to henry at a loss of 5%. determine the selling price of the john to Henry transaction.

Answer 1

Look below

Explanation:

Let's first find how much Peter payed for the bike in total...

110+25=135

Then let's find how much he sold it to John for...

22%*135=22/100*135=11/50*135=29.7

135+29.7=$164.70

Last let's find how much John sold it to Henry for...

5%*164.7=5/100*164.7=1/20*164.7=8.24

164.70-8.24=$156.46