Question

Shubendhu buys an old scooter for ₹4700 and spends ₹800 on its repairs. If he sells the scooter for ₹5800, then find his gain percent.

Answer 1

Cost Price (C.P.) $=₹(4700+800)=₹5500$

Selling Price (S.P.) $=₹5800$

Profit = (S.P.) - (C.P.) $=₹(5800-5500)=₹300$
$\left[1mark\right]$

We know,

a% of C.P. = Profit
$\frac{a}{100}\times 5500=300$
$a=\frac{60}{11}$%
$\left[1mark\right]$