Question 5
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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(4/7)%
- B 5(5/11)% Correct
- C 10%
- D 12%
Correct Answer: Option B
Cost Price (C.P.) = ₹ (4700 + 800) = ₹ 5500.
Selling Price (S.P.) = ₹ 5800.
Gain = (S.P.) - (C.P.) = ₹ (5800 - 5500) = ₹ 300.
| Gain % = |  |
300 | x 100 |  % |
= 5 | 5 | % |
| 5500 | 11 |
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