Stefan sells Jin a bicycle for $176 and a helmet for $16. The total cost for Jin is 160% of what Stefan spent originally to buy the bike and helmet. How much did Stefan spend originally? How much money did he make by selling the bicycle and helmet to Jin?

Stefan originally paid $120 for the bicycle and helmet.

He made $72 by selling them to Jin.

Step-by-step explanation:

Given that:

Selling price of bicycle = $176

Selling price of helmet = $16

Total price = 176+16 = $192

This is 160% of what Stefan paid originally.

Let,

x be the original amount paid by Stefan.

160% of x = 192

Dividing both sides by 1.6

Original amount paid by Stefan = $120

Profit = 192 - 120 = $72

Hence

Stefan originally paid $120 for the bicycle and helmet.

He made $72 by selling them to Jin.