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:

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Answer 1

Answer:

Buys=Rs.4700

Repairs=Rs.800.

Total money spent on buying =4700+800=Rs.5500

Sold for=Rs.5800.

Loss-Profit=5800-5500=Rs.300

Total loss percentage=300\4700x100=6.38%

Therefore the total loss is 6.38%

Answer 2

Answer:

step 1 - buying an old scooter cost=4700 rs.

step 2- repairing an old scooter cost=800 rs.

step 3-total cost spend by Alfred=

=buying an old scooter cost+repairing an old scooter

=4700 + 800

=5500 rs.

if he sells the scooter at rs. 5800 he gains

= cost of selling scooter - total cost spend by Alfred

= 5800 - 5500

=300 rs.

Therefore, Alfred gains percent is 1/300*100=1/3

=0.3%