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
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3
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
Answered by
8
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
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