SSC GD 2023 PYQ — Question 59

SSC GD Constable (English) - 12 Jan 2023 - Shift 2 • Quantitative Aptitude • Q59

Shashi buys an old refrigerator for ₹12,000 and spends ₹1,000 on its repairs. If he sells the refrigerator for ₹15,000, then his gain percentage is:

Show answer & explanation

Correct answer: C

Explanation

The correct answer is Option 3 i.e. 1551315\frac{5}{13}%.

Shashi buys an old refrigerator for ₹12,000 and spends ₹1,000 on its repairs

The total spent on the refrigerator by Shashi = ₹(12,000 + 1,000) = 13000

S.P. of the refrigerator = ₹15,000

We know that when S.P. > C.P. = Gain

Now, 

Gain percentage = (15000 - 13000)/13000 × 100

2000/13000 × 100 = 15.38% or 1551315\frac{5}{13}%