A man bought a car for Rs. 75000. He spent Rs. 9000 on repairs and spent Rs. 1500 on other things. He sold the car for Rs. 120000. Find his gain percent.

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10%

20%

30%

40%

answer is D.

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Detailed Solution

Concept: A percentage is indeed a number or ratio that is a fraction of one hundred. Profit and loss percentage refers to the quantity of profit or loss which has been imposed in percentage terms. A value or ratio that may be stated as a fraction of 100 is referred to as a percentage in mathematics. If we need to compute a percentage of a number, we should divide it by its whole and then multiply it by 100. The proportion therefore refers to a component per hundred. Per 100 is what the term percent signifies. The letter "%" stands for it.
Total C. P. of a car

Here, S. P. = Rs. 120000.
So, gain is equal to-
Question Image

Therefore, gain =