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Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent?
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Raghvan purchased a scooter at 13/15 of its selling price and sold it ...
Given Information:
Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price.
Calculating the Cost Price:
To find the cost price of the scooter, we need to consider that Raghvan purchased it at 13/15 of its selling price. Let's assume the selling price is S.
Cost Price = (13/15) * S
Calculating the Selling Price:
Raghvan sold the scooter at 12% more than its selling price. Therefore, the selling price can be calculated as:
Selling Price = S + 12% of S
Selling Price = S + 0.12S
Selling Price = 1.12S
Calculating the Gain:
Gain = Selling Price - Cost Price
Gain = 1.12S - (13/15) * S
Calculating Gain Percent:
Gain Percent = (Gain / Cost Price) * 100
Substitute the values and Calculate:
Gain Percent = [(1.12S - (13/15) * S) / ((13/15) * S)] * 100
After calculating the above expression, you will get the gain percent.
Explanation:
Raghvan's gain percent can be calculated by considering the ratio at which he purchased the scooter compared to its selling price and the percentage at which he sold it above the selling price. By calculating the cost price, selling price, gain, and gain percent, we can determine the profit percentage he made on the scooter.
Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price.
Calculating the Cost Price:
To find the cost price of the scooter, we need to consider that Raghvan purchased it at 13/15 of its selling price. Let's assume the selling price is S.
Cost Price = (13/15) * S
Calculating the Selling Price:
Raghvan sold the scooter at 12% more than its selling price. Therefore, the selling price can be calculated as:
Selling Price = S + 12% of S
Selling Price = S + 0.12S
Selling Price = 1.12S
Calculating the Gain:
Gain = Selling Price - Cost Price
Gain = 1.12S - (13/15) * S
Calculating Gain Percent:
Gain Percent = (Gain / Cost Price) * 100
Substitute the values and Calculate:
Gain Percent = [(1.12S - (13/15) * S) / ((13/15) * S)] * 100
After calculating the above expression, you will get the gain percent.
Explanation:
Raghvan's gain percent can be calculated by considering the ratio at which he purchased the scooter compared to its selling price and the percentage at which he sold it above the selling price. By calculating the cost price, selling price, gain, and gain percent, we can determine the profit percentage he made on the scooter.
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Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent?
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Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent?.
Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raghvan purchased a scooter at 13/15 of its selling price and sold it at 12% more than its selling price. What is his gain percent?.
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