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

Answer

Step-by-step explanation:

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)% = 5511%

Answer 2

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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 percentage is?

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Given :

• Alfred buys an old scooter for Rs.4700

• Alfred spends Rs.800 on its repairs

• He sells the scooter for Rs.5800

To Find :

• His gain percent.

Solution :

» It's given that Alfred buys a scooter for Rs.4700 and spends Rs.800 on its repairs.

Total cost price = Cost price + Repairing charges

Total cost price = 4700 + 800

•°• Total cost price = Rs 5500

If he sells the old scooter for Rs.5800, his gain percent will be :

~ Firstly we have to find the gain :-

Gain = Selling price - Cost price (including the repairing charges)

Gain = 5800 - 5500

Gain = 300

•°• Gain = Rs.300

~Now we have to find the gain percentage :-

» Gain % = (Gain / total Cost price) × 100

» Gain % = (300 / 5500) × 100

» Gain % = 0.054 × 100

» Gain % = 5.4 %

Therefore, The gain percent is 5.4 %

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