Multiple choice

Ritwik purchases an item for Rs. 5,230 and spends 10% of the cost price on its repairing. If he sells the item for Rs. 6,500, then his approximate gain percentage will be

  1. 10%

  2. 13 %

  3. 15 %

  4. 18 %

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost price = 5230 + 10% of 5230 = 5230 + 523 = 5753. Profit = 6500 - 5753 = 747. Gain percentage = (747 / 5753) * 100 approx 12.98%, which rounds to 13%.

AI explanation

Ritwik spends 10 percent of 5230 on repairs, which is 523, making the total cost price 5753. He sells the item for 6500, so the gain is 747. The gain percentage is (747 divided by 5753) times 100, which is approximately 13 percent.

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