Raju buys an old mobile for Rs.3,200 and spends Rs.800 on its repairs. If he sells the mobile for Rs.4,800, his gain per cent is:
Show answer & explanation
Correct answer: B
Explanation
The Correct answer is Option 2 i.e. 20%.
Total money spent by Raju on mobile = Rs.3200 + Rs.800 = Rs.4000
S.P. = Rs.4800
Gain% = (S.P. - C.P.)/C.P. × 100
Gain% = (4800 - 4000)/4800 × 100 = 800/4000 × 100 = 20%