Profit and Loss-Data Intensity 1 Questions and Answers Discussion Page.

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1.	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?
	A.	4 [4/ 7]%
	B.	5 [5/ 11]
	C.	10%
	D.	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 % =	(	300	x 100	)%	= 5	5	%
		5500				11

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Published by:Michael Daani

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