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
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%.