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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

  • \begin{aligned} \frac{6}{19}\% \end{aligned}
  • \begin{aligned} \frac{6}{17}\% \end{aligned}
  • \begin{aligned} 5\frac{5}{11}\% \end{aligned}
  • \begin{aligned} 3\frac{5}{11}\% \end{aligned}

Answer: Option C

Explanation:

Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100

Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800

Profit = 5800 - 5500 = 300
\begin{aligned}
Gain\% = \frac{300}{5500}*100 \\
= 5\frac{5}{11}\%
\end{aligned}

Similar Questions :

1. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?

  • Rs15
  • Rs 20
  • Rs 22
  • Rs 25

Answer: Option C

Explanation:

As question states that rate was of pair of articles,

So rate of One article = 37.40/2 = Rs. 18.70

Let Marked price = Rs X
then 85% of X = 18.70

=> X = 1870/85 = 22

2. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is

  • 12%
  • 13%
  • 14%
  • 15%

Answer: Option A

Explanation:

Suppose he bought 5 kg and 3 kg of tea.
Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.
Selling price = Rs. (8 x 21) = Rs. 168.
Profit = 168 - 150 = 18

So, Profit % = (18/150) * 100 = 12%

3. If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is

  • 20%
  • 25%
  • 30%
  • 35%

Answer: Option B

Explanation:

Let the Cost Price of 1 item = Re. 1
Cost Price of 16 items = 16
Selling Price of 16 items = 12

Loss = 16 - 12 = Rs 4

Loss % = (4/16)* 100 = 25%

4. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

  • 4%
  • 5%
  • 6%
  • 7%

Answer: Option D

Explanation:

Gain % = (164.36*100/2400) = 6.84 % = 7% approx

5. 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

  • \begin{aligned} \frac{6}{19}\% \end{aligned}
  • \begin{aligned} \frac{6}{17}\% \end{aligned}
  • \begin{aligned} 5\frac{5}{11}\% \end{aligned}
  • \begin{aligned} 3\frac{5}{11}\% \end{aligned}

Answer: Option C

Explanation:

Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100

Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800

Profit = 5800 - 5500 = 300
\begin{aligned}
Gain\% = \frac{300}{5500}*100 \\
= 5\frac{5}{11}\%
\end{aligned}

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