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Arun buys an old car for ₹4,75,000 and spends ₹80,000 on its repairs. If he sells the carfor ₹5,85,000, find his gain percentage. (Rounded up to two d
Question

Arun buys an old car for ₹4,75,000 and spends ₹80,000 on its repairs. If he sells the carfor ₹5,85,000, find his gain percentage. (Rounded up to two decimal places)

A.

5.41%

B.

30.25%

C.

5.13%

D.

6.32%

Correct option is A

Given:

Cost price of car = ₹4,75,000

Repair cost = ₹80,000

Selling price = ₹5,85,000

Formula Used:

Total Cost Price = Cost price + Repair cost

Gain = Selling price − Total Cost Price

Gain % = (GainTotal Cost Price)×100 \left(\frac{\text{Gain}}{\text{Total Cost Price}}\right) \times 100​​

Solution:

Total Cost Price = ₹4,75,000 + ₹80,000 = ₹5,55,000

Gain = ₹5,85,000 − ₹5,55,000 = ₹30,000

Gain % = 30,0005,55,000×100=5.41% \frac{30,000}{5,55,000} \times 100 = 5.41\%​​

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