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

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

Tutorial Link:

Published by:Michael Daani

PakMCQs.net

Computer Science Civil Engineering

Networking Electronics Database

Model Papers FPSC Papers