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:
4$ \dfrac{4}{7} $%
5$ \dfrac{5}{11} $%
10%
12%
Explanation:
Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.
Selling Price (S.P.) = Rs. 5800.
Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.
Gain % =$ \left(\dfrac{300}{5500} \times 100\right) $%= 5$ \dfrac{5}{11} $