Kashif buys a used car for Rs. 2,40,000, spends Rs. 30,000 on repairs and sells it for Rs. 2,97,000. What is his gain percentage?
Correct answer D. 10%
Explanation
Total cost = 2,40,000 + 30,000 = Rs. 2,70,000. Gain = 2,97,000 - 2,70,000 = Rs. 27,000, so gain% = 27,000/2,70,000 × 100 = 10%.
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