Question

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

• A. 65/12
• B. 71/11
• C. 60/11
• D. 77/12

Answer 1

The correct option is C

60/11

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% =$(\frac{300}{5500}\times 100$)%=$\frac{60}{11}$%