Question

Mr sachin sold his scooter for rs 6720 at a gain of 12% . He paid 2% of the selling price to the broker . Find his net gain as percent

Answer 1

Gain percent is 9.76%.

Step-by-step explanation:

Let x be the cost price of scooter.

Mr sachin sold his scooter for rs 6720 at a gain of 12% .

$x+\frac{12}{100}x=6720$

$x+0.12x=6720$

$1.12x=6720$

Divide both sides by 1.12.

$x=\frac{6720}{1.12}=6000$

The cost of scooter is rs. 6000.

He paid 2% of the selling price to the broker.

$\text{Price to the broker}=6720\times \frac{2}{100}=134.4$

Net gain is

$Gain=6720-6000-134.4=585.6$

Net gain percent is

$\%=\frac{Gain}{Cost}\times 100$

$\%=\frac{585.6}{6000}\times 100=9.76\%$

Therefore, the gain percent is 9.76%.

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