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Harish bought an old Scooter for ₹4,700 and spent ₹ 800 on its repairs. If he sells the Scooter for ₹ 5,800 , his gain percent is :
Question

Harish bought an old Scooter for ₹4,700 and spent ₹ 800 on its repairs. If he sells the Scooter for ₹ 5,800 , his gain percent is :

A.

447\frac 47​%

B.

5511\frac 5{11}​%

C.

10%

D.

12%

Correct option is B

Given:
Cost price of Scooter = ₹ 4,700
Repair cost = ₹ 800
Selling price = ₹ 5,800
Formula Used:
Total Cost Price = Initial Cost + Overhead Expenses
Profit = Selling Price - Total Cost Price
Profit Percentage = ProfitTotal Cost Price\frac{Profit}{Total\ Cost\ Price}​ × 100
Solution:
Calculate the total cost price of the scooter:
Total Cost Price = 4700 + 800 = 5500
Calculate the profit earned:
Profit = 5800 - 5500 = 300
Calculate the profit percentage:
Profit Percentage = 3005500\frac{300}{5500}​ × 100

Profit Percentage = 30055\frac{300}{55}​​

Profit Percentage = 5511% 5 \frac{5}{11}\%​​
Final Answer
So the correct answer is (b)

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