Robert buys an old scooter for Rs. 23450 and spends Rs. 1850 on its repairs. If he sells the scooter

M4maths Previous Puzzles

12 Jan 2018 Profit and Loss

Robert buys an old scooter for Rs. 23450 and spends Rs. 1850 on its repairs. If he sells the scooter for Rs. 29500, his gain percent is:

OPtion

1) 15.58 %
2) 16.06 %
3) 17.48 %
4) 15.85 %
5) 16.90 %
6) 16.60 %
7) 17.80 %
8) 17.30 %
9) 15.95 %
10) None of these

Solution

Cost Price (C.P.) = Rs. (23450 + 1850) = Rs. 25300

Selling Price (S.P.) = Rs. 29500

Gain = (S.P.) - (C.P.) = Rs.(29500 - 25300) = Rs. 4200

Gain % = (4200/25300)*100 = 16.60 %

Option 6)

Correct Option: 6 Best Solution (6)