Question

1.Alfred buys an old scooter for Rs.4700 and spends Rs 800 on its repairs.If he sells the scooter for Rs5800,his gain percent is

Answer 1

Total amount spent by Alfred= amount of scooter + amount he put on repairs
=4700+800
=5500
Selling price of scooter= 5800
Profit=5800-5500
=300
gain percent=profit/total spent amount
=300/5500×100
=5.45%