Looks like the bogan version of a Raleigh Technium. (where the bike is made from both aluminum and steel and epoxied together). Wouldn't have paid $200 but provided you have a working, rolling, shifting bike you didn't overpay by much, if at all.
And speaking of bogan versions of normal people things, Repco is what Western Flyer (Western Auto) and Sears bikes were for people in the 1980s.
I miss being able to buy a bicycle at an auto parts store.