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Raghavan purchase a scooter at $$\frac{13}{15}$$ of its selling price and sold it at 12% more than its selling price. His gain is -
Answer & Solution
Correct Answer:
Option
B
$$\eqalign{
& {\text{Let S}}{\text{.P}}{\text{. be Rs}}{\text{. }}x \cr
& {\text{Then,}} \cr
& {\text{C}}{\text{.P}}{\text{.}} = {\text{Rs}}.\frac{{13}}{{15}}x, \cr
& {\text{Receipt}} = 112\% {\text{ of Rs}}{\text{. }}x \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}.\frac{{28}}{{25}}x \cr
& {\text{Gain}} = {\text{Rs}}.\left( {\frac{{28x}}{{25}} - \frac{{13x}}{{15}}} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}.\frac{{19x}}{{75}} \cr
& \therefore {\text{Gain}}\% \cr
& = \left( {\frac{{19x}}{{75}} \times \frac{{15}}{{13x}} \times 100} \right)\% \cr
& = \frac{{380}}{{13}}\% \cr
& = 29\frac{3}{{13}}\% \cr} $$
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