MathematicsAlfred buys an old scooter for Rs.4700 and spends Rs.800 on its repairs. If he sells the scooter for Rs.5800, his gain percent is

Alfred buys an old scooter for Rs.4700 and spends Rs.800 on its repairs. If he sells the scooter for Rs.5800, his gain percent is


  1. A
    447%
  2. B
    5511%
  3. C
    10%
  4. D
    12%  

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    Solution:

    Given,
    Cost price, C.P. =Rs(4700+800) ⇒C.P=Rs.5500
    Selling price S.P. =Rs.5800 We know, gain = SP- CP.
    Gain =(5800-5500) ⇒Gain=Rs.300
     Gain%=GainCP×100% ⇒Gain% =3005500×100% ⇒Gain% =5511% Hence, the gain percent is 5511%. Therefore, the correct option is 2.
     
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