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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. If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

  • Rs. 750
  • Rs. 800
  • Rs. 850
  • Rs. 900

Answer: Option B

Explanation:

Let the cost of Production = Rs. P
Then, as per question,

\begin{aligned}
=> \left( \frac{125}{100} *\frac{115}{100}*\frac{110}{100} * P \right) = 1265\\
=> \frac{253}{160}P = 1265 \\
=> P = 800
\end{aligned}

2. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

  • 18%
  • 20%
  • 22%
  • 24%

Answer: Option B

Explanation:

Let the cost price = Rs 100
then, Marked price = Rs 135

Required gain = 8%,
So Selling price = Rs 108
Discount = 135 - 108 = 27

Discount% = (27/135)*100 = 20%

3. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

  • Rs.1200
  • Rs.1230
  • Rs.1260
  • Rs.1290

Answer: Option C

Explanation:

Let the new S.P. be x, then.
(100 - loss%):(1st S.P.) = (100 + gain%):(2nd S.P.)

\begin{aligned}
=>\left( \frac{95}{1140} = \frac{105}{x} \right) \\

=> x = 1260
\end{aligned}

4. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?

  • 2% Profit
  • 3% Profit
  • 2% Loss
  • 3% Loss

Answer: Option B

Explanation:

Please remember
\begin{aligned}
S.P. = \left( \frac{100+gain\%}{100} * C.P \right)\\
\text{So, C.P. = }\left( \frac{100}{110} * 25.75 \right)\\
\text{When S.P. = 25.75 then } \\
Profit = 25.75 - 25 = Re. 0.75 \\

Profit\% = \frac{0.75}{25} * 100 = 3\%

\end{aligned}

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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