Robert buys an old scooter for Rs. 22500 and spends Rs. 3500 on its repairs. If he sells the scooter

M4maths Previous Puzzles

30 May 2018 Profit and Loss

Robert buys an old scooter for Rs. 22500 and spends Rs. 3500 on its repairs. If he sells the scooter for Rs. 32500, his gain percent is:

OPtion

1) 27.02 %
2) 25.82 %
3) 26.09 %
4) 24.05 %
5) 27.92 %
6) 25.00 %
7) 23.80 %
8) 26.30 %
9) 27.52 %
10) None of these

Solution

Actual CP for Robert = 22500 + 3500 = 26000
SP = 32500

Profit = (32500 - 26000)/26000 = 25%

Correct Option: 6 Best Solution (5)