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 ?


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 ?

A. 447%

B. 5511%

C. 10 %

D. 12 %

Answer : B . 5511%


Explanation:

    Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

    Selling Price (S.P.) = Rs. 5800.

    Gain = (S.P.) – (C.P.)

    = Rs.(5800 – 5500)

    = Rs. 300.

    Gain % = (300/5500) x 100%

    = 5511%

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