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  • 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:

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:

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Total cost of the scooter = 4700 + 800 = Rs 5500

The selling price of the scooter = Rs. 5800

Gain percent = (5800-5500)x100/5500

                     = 30000/5500 = 5.45 %

Posted by

Ravindra Pindel

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