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Question 1:
John buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, what is his gain percent? A. 12%
B. 10%
C. 4 4/7%
D. 5 5/11%
Feedback cost price =4700+800=5500
selling price =5800
gain =5800-5500=300
gain percent =(300×100)/5500 =60/11%=5 5/11%
selling price =5800
gain =5800-5500=300
gain percent =(300×100)/5500 =60/11%=5 5/11%
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