A man bought a second hand scooter for Rs. 1200 and spent Rs. 200 on its repairs

A man bought a second hand scooter for Rs. 1200 and spent Rs. 200 on its repairs. He sold it for Rs. 1680. His gain percent is:
(a) 20%
(b) 10%
(c) 8%
(d) 16%

Anurag Mishra Professor Asked on 29th February 2016 in Maths.
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1 Answer(s)

Answer: (a) 20%

Solution:-
A man bought a second hand scooter for Rs. 1200 and spent Rs. 200 on its repairs.
Then, the cost of scooter = 1200 + 200
= Rs. 1400

He sold scooter for Rs. 1680.
Then, Gain = 1680 – 1400
= Rs. 280

So, the percentage of gain = 280 x 100/1400
= 20%

Hence, the correct answer is option (a) 20%.

Anurag Mishra Professor Answered on 4th March 2016.
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