Selling Price of the old bicycle is Rs 2500.
Step-by-step explanation:
- Step 1: Given cost price of the cycle, CP = 1850, repair expenses = 150 and Profit % = 25%
- Step 2: Total expenses to get the bicycle = 1850 + 150 = Rs 2000
- Step 3: Formula for Selling Price, SP = CP (100 + P%)/100
⇒ SP = 2000(100 + 25)/100
⇒ SP = (2000 [tex]\times[/tex] 125)/100
⇒ SP = Rs 2500
