Question

Q1: Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800 , find his gain percent:

Answer 1

A: 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 % $=(\frac{300}{5500}\times 100)\%=5\frac{5}{11}\%$