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    Find the gain percent on the sale of a car whose cost price is Rs.2.2 million, cost of repairs is Rs.2,00,000 and its selling price is Rs.3 million.
    Question



    Find the gain percent on the sale of a car whose cost price is Rs.2.2 million, cost of repairs is Rs.2,00,000 and its selling price is Rs.3 million.

    A.

    33.33%

    B.

    20%

    C.

    22.22%

    D.

    25%

    Correct option is D


    1. Calculate the total cost price:
    · Cost price of the car = Rs. 2,200,000
    · Cost of repairs = Rs. 200,000
    · Total cost price = Rs. 2,200,000 + Rs. 200,000 = Rs. 2,400,000
    2. Calculate the profit (gain):
    · Selling price = Rs. 3,000,000
    · Profit = Selling price - Total cost price
    · Profit = Rs. 3,000,000 - Rs. 2,400,000 = Rs. 600,000
    3. Calculate the gain percent:
    · Gain percent = (Profit / Total cost price) x 100
    · Gain percent = (600,000 / 2,400,000) x 100
    · Gain percent = (1/4) x 100 = 25%
    Therefore, the gain percent on the sale of the car is 25%.

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