Profit and Loss - Arithmetic Aptitude Questions and Answers

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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:

$4{ 4\over 7}$ %

5 $\frac { 5 } { 11 }$ %

10%

12%

Answer : Option B

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 % =	$[\frac {300 } { 5500 }$		x 100	]%	= 5		${5 \over 11}$ %

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