More Questions from Profit and Loss

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:

Aptitude Profit and Loss Difficulty: Easy
Choose an option
  • A
    5.26%
  • B
    5.45%
  • C
    6.00%
  • D
    6.25%

Answer

Correct Answer: 5.45%

Explanation

Given

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

Step 1: Total costCP = 4700 + 800 = Rs. 5500

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

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

Final Answer: Gain percent ≈ 5.45%.

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