New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Anand buys an old cycle for Rs. 5700 and spends Rs. 550

    on its repairs. If he sells the cycle for Rs. 6500, his gain percent is
    A 11.11% Correct Answer Incorrect Answer
    B 4% Correct Answer Incorrect Answer
    C 8% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer

    Solution

    CP = 5700 + 550 = Rs. 6250, SP = 6500 Gain% = (250 x 100)/ 6250 = 4%

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