Question

John peter buys an old car for rs 4700 and spends rs 800onits repair if he sells the car for rs 5800 his gain percent is

Answer 1

Answer:

5 5/11%

Step-by-step explanation:

Cp=4700

Spend =800

New cp=4700+800=5500

Selling price=5800

Profit=5800-5500=300

Profit%=

300/5500×100

=300/55

=60/11

=5 5/11%

Answer 2

John's gain percent on the sale of the car is 5.45%

To calculate the gain percent, we need to first find the cost price (CP) and the selling price (SP) of the car.

Given that John buys the car for Rs. 4700 and spends Rs. 800 on its repair, the total cost price of the car is:

CP = 4700 + 800 = 5500

Now, John sells the car for Rs. 5800.

Therefore, the gain he makes on the sale of the car is:

Gain = Gain is equal to SP - CP (5800 - 5500 = 300)

The gain percent can be calculated using the formula:

Gain percent is (Gain/CP) times 100.

Substituting the values, we get:

Gain percent = (300 / 5500) x 100 = 5.45%

Therefore, John's gain percent on the sale of the car is 5.45%.

For such more questions on percent,

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