Robert Batra buys an old scooter for Rs. 11700 and spends Rs. 1800 on its repairs. If he sells the s

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15 Nov 2019 Profit & Loss

Robert Batra buys an old scooter for Rs. 11700 and spends Rs. 1800 on its repairs. If he sells the scooter for Rs. 26000, his gain percent is:

OPtion

1) 90.4%
2) 91.7%
3) 95.0%
4) 94.0%
5) 95.4%
6) 92.6%
7) 96.2%
8) 97.0%
9) 99.10%
10) None of these

Solution

Actual CP = 11700 + 1800 = 13500

SP = 26000

Gain = 26000 - 13500 = 12500

Profit % = 12500*100/13500 = ~92.6%

Correct Option: 6 Best Solution (0)