Question : Ajay buys a scooter for Rs. 7560 and spends Rs. 540 on its repair. He sells it for Rs. 9000. What is his gain percentage?
Option 1: 8.33%
Option 2: 9.09%
Option 3: 11.11%
Option 4: 6.25%
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Correct Answer: 11.11%
Solution : Ajay buys a scooter for Rs. 7560 Spends on repairing = Rs. 540 Total cost price = 7560 + 540 = 8100 Selling price = Rs. 9000 Gain = selling price – cost price = 9000 – 8100 = 900 Gain percentage = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100=\frac{900}{8100}\times100= 11.11\%$ Hence, the correct answer is 11.11%.
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Question : Rohit buys an old bat for Rs. 880 and spends Rs. 120 on its repair. If he sells it for Rs. 800, then what is the loss percentage?
Option 1: 25%
Option 2: 30%
Option 3: 10%
Option 4: 20%
Question : Rohit buys an old bat for Rs. 1280 and spends Rs. 120 on its repair. If he sells it for Rs. 1050, then what is the loss percentage?
Option 1: 40 percent
Option 2: 25 percent
Option 3: 20 percent
Option 4: 30 percent
Question : Sandeep buys a toy car for Rs. 500 and sells it for Rs. 625. What is his gain or loss percentage?
Option 1: 20% gain
Option 2: 20% loss
Option 3: 25% gain
Option 4: 25% loss
Question : A sum of money doubles itself in 12 years. Find the rate percent per annum of simple interest.
Option 2: 6.25%
Option 3: 9.09%
Option 4: 11.11%
Question : A man bought an old printer for Rs. 2200 and spent Rs. 800 on its repair. He sold it for Rs. 3600. Find his profit percentage.
Option 1: 30%
Option 2: 20%
Option 3: 15%
Option 4: 25%
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