LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
21 views
in Aptitude by (30.0k points)
closed by

Mohit buys a bike for Rs. 44,000. He spends Rs. 4,000 on repairs and sells the bike for Rs. 56,000. What is his gain percent?


1. 15%
2. 20%
3. 13.33%
4. 16.66%

1 Answer

0 votes
by (55.2k points)
selected by
 
Best answer
Correct Answer - Option 4 : 16.66%

Given:

The cost price of bike = Rs. 44,000

Spent on repairs = Rs. 4,000

The selling price of bike = Rs. 56,000

Concept used:

P = S.P – C.P 

P% = (P/C.P) × 100

Where,

P → Profit

S.P → Selling price 

C.P → Cost price 

Calculations:

The cost price of bike = Rs. 44,000

Spent on repairs = Rs. 4,000

Total cost of the bike = 44,000 + 4000 = Rs. 48,000

The selling price of bike = Rs. 56,000

Gain = 56000 – 48000 = 8000

Gain% = 8000/48000 × 100 = 16.66%

∴ The profit percentage is 16.66%.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...