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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:

Difficulty: Easy

Correct Answer: 5.45%

Explanation:

Given

  • Purchase price = Rs. 4700
  • Repairs = Rs. 800
  • Selling price = Rs. 5800

Step 1: Total cost
CP = 4700 + 800 = Rs. 5500


Step 2: Profit
Profit = SP − CP = 5800 − 5500 = Rs. 300


Step 3: Profit percent
Profit% = 300 ÷ 5500 × 100 = 30000 ÷ 5500 ≈ 5.45%


Final Answer: Gain percent ≈ 5.45%.

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