The amount of money which already available to purchase the bike is $50.
Given the Parameters :
- Cost of bike to be purchased = $75
- Additional amount required = $25
To obtain the amount of money already available, we take the following steps :
- Total cost of bike - Additional amount required
- Since, the difference between the total cost and the additional amount required is $50; then that is the amount already available
Therefore, already available amount is $50
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