Alfred buys an old scooter for ₹4,700 and spends ₹800 on…

Alfred buys an old scooter for ₹4,700 and spends ₹800 on its repairs. If he sells the scooter for ₹5,800, his gain percentage is:

Show answer & explanation

Correct answer: C

Explanation

The correct answer is Option 3 i.e. $5\frac{5}{11}\%$ .

Gain % = $\frac{300}{5500} × 100$

⇒ $\frac{300}{55}$ = $5\frac{5}{11}\%$

SSC MTS 2024 PYQ — Question 5