Alfred buys an old scooter for ₹ 4700 and spends ₹ 800 on its repairs. If he sells the scooter for ₹ 5800… · ABC26GN2599

Subject: General Aptitude · Chapter: Profit and Loss

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

(a)$4 \frac{4}{7} \%$

(b)$5 \frac{5}{11} \%$

(c)10\%

(d)12\%

Answer

Answer (as printed): B

Explanation

C.P. $=₹(4700+800)=₹ 5500 ;$ S.P. $=₹ 5800$. Gain $\%=\left(\frac{300}{5500} \times 100\right) \%=5 \frac{5}{11} \%$.

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Profit and Loss