Luca and Paolo buy old bikes for a few dollars each, and then fix them up so that they can sell them for a profit. If they bought a rare tandem bike for $8, spent an additional $150 on the bike for paint and parts, and sold it at a 285% profit, then how much money did they sell the bike for? a. Analyze If profit means the amount of money Luca and Paolo made after taking into account what they spent, write an equation to find how much the bike sold for.
b. Solve the equation to find the sale price of the bike.