Discussion
Susanta 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:
Answer: B
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 % \(= (\frac{300}{5500} \times 100)\)% \(= 5\frac{5}{11}\)%
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