Mintu buys an old scooter for Rs. 4700 and spends Rs. 500 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:

🧠 Explanation:

Mintu’s gain percent from selling a scooter is 12%. He bought it for Rs. 4700, spent Rs. 500 on repairs (total cost Rs. 5200), and sold it for Rs. 5800. Gain is 5800-5200 = Rs. 600. Gain percent is (600/5200) × 100 = 11.54%, rounded to 12%. This calculation is key in commerce, teaching profit evaluation. Understanding gain percent aids in financial planning, retail, or investment, ensuring clarity in assessing profitability in business transactions or personal ventures requiring cost-benefit analysis.