Question

Alfred buys an old scooter for Rs. $4700$ and spends Rs. $800$ on its repairs. If he sells the scooter for Rs. $5800$, his gain percent is:

• A. $4\frac{4}{7}$%
• B. $5\frac{5}{11}$%
• C. $10$%
• D. $12$%

Answer 1

Answer: (B)

$5\frac{5}{11}$%

Cost price of the scooter will be equal to its actual price plus the price he spent on the repairment.

$\text{Cost Price}(C.P.)=Rs.(4700+800)=Rs.5500$.

Selling Price $(S.P.)=Rs.5800$.

$Gain=(S.P.)-(C.P.)=Rs.(5800-5500)=Rs.300$.

Gain % $=(\frac{300}{5500}\times 100)$%

$=5\frac{5}{11}$%