Question 71

x buys a scooter for ₹ 40,000 and spends ₹ 5,000 on its repair. He sells it for ₹ 54,000. What is the gain percent?

Solution

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Total Cost Price of the scooter = Rs.40000+Rs.5000 = Rs.45000
Selling Price = Rs.54000
Gain percent = $$\dfrac{54000-45000}{45000}\times100 = \dfrac{9000}{45000}\times100 = 20$$%

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