Ramadheer buys an old car for Rs. 113750 and spends Rs. 19275 on its repairs. If he sells the car fo

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29 Dec 2017 Profit and Loss

Ramadheer buys an old car for Rs. 113750 and spends Rs. 19275 on its repairs. If he sells the car for Rs. 149000, his gain percent is:

OPtion

1) 12.01 %
2) 12.06 %
3) 12.09 %
4) 12.05 %
5) 12.90 %
6) 12.60 %
7) 12.80 %
8) 12.30 %
9) 12.62 %
10) None of these

Solution

Cost Price (C.P.) = Rs. ( 113750 + 19275 ) = Rs. 133025

Selling Price (S.P.) = Rs. 149000

Gain = (S.P.) - (C.P.) = Rs.(149000 - 133025) = Rs. 15975

Gain % = (15975/133025)*100 = 12.0090 = ~12.01 %

Option 1)

Correct Option: 1 Best Solution (0)