Question

Alfred buys an old scooter for rs 4700 and spends are rs 800 on its repairs if he sell the scooter for rs 5800 his gain percent is

Answer 1

Cost Price (C.P.) = Rs. (4700 + 800)=Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) - (C.P.) = Rs.(5800 -5500) = Rs. 300.

Gain%=(300/5500×100)%=60/11

Answer 2

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Here is your answer

CP = 4700 + 800 = 5500

SP = 5800

AS SP IS MORE THAN CP THAN THERE IS PROFIT
Profit = SP - CP.
= 5800 - 5500
= 300

Profit% = Profit x 100/CP
$= \frac{300 \times 100}{5500} \\ = 5.45\%$


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