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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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 ??
To find :-
• gain percent
Formula :-
• gain = SP - CP
• gain% = gain/CP × 100
solution :-
cp = 4700 + 5800 = Rs 5500
SP = Rs = 5800
now according to Frist formula :-
gain = SP - CP = (Rs 5800 - 5500) = Rs 300
now according to second formula :-
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