Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 20996

Q.  Virat buys an old car for Rs. 50000 and spends Rs. 4000 on its repairs. If he sells the scooter for Rs. 60000, his gain percent is:
- Published on 15 Apr 16

a. 3 (4/7) %
b. 11 (1/9) %
c. 12 (2/3) %
d. 12%

ANSWER: 11 (1/9) %
 
C.P. = Rs. (50000 + 4000) = Rs. 54000
S.P. = Rs. 60000.
Gain% = ( (6000 / 54000) * 100 ) % = 11 (1/9)%

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