Shubendhu buys an old scooter for ₹ 4700 and spends ₹ 800 on its r

Question

Shubendhu buys an old scooter for ₹ 4700 and spends ₹ 800 on its repairs. If he sells the scooter for ₹ 5800, what is his gain (in percentage)?

Options:

A . 6512%

B . 7711%

C . 6011%

D . 7712%

Answer: Option C
:
C
Cost Price (C.P.) = ₹ (4700+800) = ₹ 5500.
Selling Price (S.P.) = ₹ 5800.
Gain = (S.P.)-(C.P.)= ₹ (5800 - 5500) = ₹ 300
Gain%=

\frac{G a i n}{C . P} \times 100 %

\frac{300}{5500} \times 100 %

\frac{60}{11} %

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