Question

Lisa bought a scooty for rs 7000 and spends rs 1000 on its repair. If she sells the scooter at rs 9000 what will be her gain percentage

Answer 1

Answer:

The cost price of the scooter bought by Lisa is Rs. 7000/-.

She repaired it with another 1000/-.

Therefore the total cost price of Lisa is 7000 + 1000 = Rs. 8000/-.

She sold the scooter at a price of 9000.

Therefore her profit is Selling price – Cost Price = 9000 – (7000 + 1000) = Rs. 1000/-.

Her profit percentage is [{SP-CP}/CP]/100 = {1000/8000}/ 100 = 12.5%.