Question

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:?

Answer 1

Gain= Selling price- Cost price
Gain % =$\frac{Gain * 100}{C.P}$

*C.P=Cost price
*S.P=Selling price


Cost price = Amount at which bought + repairs
                = 4,700+800 =5,500

Selling price= 5,800

Gain = S.P -C.P
        =5800-5500= 300

Calculating gain %

Gain % = (300 × 100) / 5500
             =30000/5500
            = 5.5%