Alfred purchases an old scooter for Rs. 4700 and repairs it for Rs. 800. If he sells the scooter for Rs. 5800, his profit percentage is as follows
A. 4 4/7 %
B. 5 5/11 %
C. 10%
D. 12%
Answer:B
Alfred purchases an old scooter for Rs. 4700 and repairs it for Rs. 800. If he sells the scooter for Rs. 5800, his profit percentage is as follows
A. 4 4/7 % B. 5 5/11 % C. 10% D. 12%
Explanation: The cost price (C.P.) is Rs. (4700 + 800), which equals Rs. 5500.The selling price (S.P.) for this property is Rs. 5800.(S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs.300. 5 5/11 percent = 300 x 100/5500 percent = 5 5/11 percent