Question

Alfred buys an old scooter for ₹4,700 and spends ₹800 on its repairs. If he sells the scooter for ₹5,800, his gain percentage is:

• A. 4.5%
• B. 5 4/11%
• C. 6 5/11%
• D. 5 5/11%

Answer 1

Answer:

D. 5 5/11%

Let’s compute step by step.

Total Cost Price (CP)

$CP = 4700 + 800 = 5500$

Selling Price (SP)

SP = 5800

Profit

Profit = 5800 - 5500 = 300

Gain percentage

$\text{Gain \%} = \frac{300}{5500} \times 100$

$= \frac{30000}{5500} \approx 5\frac{5}{11}\%$