NIFT UG 2014 Question Paper with solutions

Question : 84 of 150

Marks: +1, -0

Alfred buys an old scooter for ₹4700 and spends ₹800 on its repairs. If he sells the scooter for ₹5800, his gain per cent is

Solution:

Total cost price of scooter

=4700+800=₹5500

Selling price = ₹ 5800
Profit

=5800–5500=₹300

Profit %

=\text "Profit"/{\text "CP"}×100

=300/5500×100

=60/11%=5{5/11}%

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