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%
