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Aptitude Day 352

Problems on Profit and Loss:

1. A buys an old scooter for 3000 and spends 500 on its repairs. If he sells the scooter 4000, his gain percent is:

Solution:
                 Gain % = 500/3500 * 100
                              = 14.29%.

2. A purchased 50 kg of potatoes for 350 and sold the whole lot at the rate of 12 per kg. What will be his gain percent?

Solution:
                  Cost of 1 kg = 350/50
                                       = 7.

                  Gain % = 5/7 * 100
                               = 71. 43%.




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