Question

Shubendhu buys an old scooter for ₹ 4700 and spends ₹ 800 on its repairs. If he sells the scooter for ₹ 5800, what is his gain (in percentage)?

• A. $\frac{65}{12}\%$
• B. $\frac{77}{11}\%$
• C. $\frac{60}{11}\%$
• D. $\frac{77}{12}\%$

Answer 1

The correct option is C

$\frac{60}{11}\%$

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

Selling Price (S.P.) = ₹ 5800.

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

Gain% = $\frac{Gain}{C.P}\times 100\%$

= $\frac{300}{5500}\times 100\%$

=$\frac{60}{11}\%$