Explanation:

To find the new price of the bike after a 17% reduction:

- Original Price: Rs75,500

- Reduction Percentage: 17%

Calculations:

- Amount of Reduction = 17% of Rs75,500

- Amount of Reduction = (17/100) * 75,500 = Rs12,835

- New Price = Original Price - Amount of Reduction

- New Price = 75,500 - 12,835 = Rs62,665

Options:

1. Rs68,650 - More than the calculated reduced price.

2. Rs68,680 - Still more than the calculated reduced price.

3. Rs62,665 - This matches our calculation.

4. Rs62,650 - Less than the calculated reduced price.

- Correct Option: 3. Rs62,665