Multiple choice

Suppose a person buys a radio set for Rs. 360. He spent Rs. 60 on its repair and spent Rs. 40 on changing the batteries. Now if he sells the radio set again for Rs. 500, what is his gain or loss percent?

  1. 8%, Gain

  2. 8.69%, Gain

  3. 21.73%, Gain

  4. 17.39%, Gain

  5. None of the above

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

Total C.P. for the person = Rs. ( 360 + 60 + 40 ) = Rs. 460 S.P. for the person = Rs. 500 Therefore, gain = Rs. ( 500 - 460 ) = Rs. 40 Gain % = (40/460) x 100 = 8.69%