Multiple choice

A man bought a radio set for Rs. 620, spent Rs. 30 on its repair and sold it for Rs. 700. What is the overall gain or loss percent for the man?

  1. 11.42%

  2. 7.14%

  3. 12.90%

  4. 7.69%

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

CP for man = Rs. ( 620 + 30 ) = Rs. 650 SP for man = Rs. 700 Gain = Rs. 50 Gain% = (50 X 100)/650 = 5000/650 = 7.69%