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Raghu purchased a scooter at 13/15th of its selling price and sold it for 12% more than the selling price. His gain is
a. 20%
b. 30%
c.
d.
e. None of these?
Most Upvoted Answer
Raghu purchased a scooter at 13/15th of its selling price and sold it ...
Calculation of Raghu's Gain:

- Let's assume the selling price of the scooter is $100.
- Raghu purchased the scooter at 13/15th of its selling price, which is (13/15) * $100 = $86.67.
- Raghu sold the scooter for 12% more than the selling price, which is $100 + 12% of $100 = $112.
Calculation of Gain Percentage:

- Raghu's Cost Price = $86.67
- Raghu's Selling Price = $112
- Gain = Selling Price - Cost Price = $112 - $86.67 = $25.33
- Gain Percentage = (Gain / Cost Price) * 100 = ($25.33 / $86.67) * 100 ≈ 29.21%
Raghu's Gain:

- Raghu's gain percentage is approximately 29.21%.
- Therefore, the correct option is 30% (option b).
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Raghu purchased a scooter at 13/15th of its selling price and sold it for 12% more than the selling price. His gain isa. 20% b. 30%c. d. e. None of these?
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