Siddhi sold her scooter for ₹ 71785 gaining 1/5th of the selling price. Find the gain percentage.

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Accepted Answer

Let the selling price (SP) be ₹ 71785.

Given that the gain is 1/5th of the selling price.
Gain = (1/5) × SP = (1/5) × 71785 = ₹ 14357.

Cost Price (CP) = SP - Gain = 71785 - 14357 = ₹ 57428.

Gain percentage = (Gain / CP) × 100 = (14357 / 57428) × 100 = 25%.

However, the gain is given as 1/5th of the selling price, so gain percentage is (Gain / CP) × 100.

Rechecking calculation:
Gain = 1/5 of SP = 71785 / 5 = 14357
CP = SP - Gain = 71785 - 14357 = 57428
Gain % = (Gain / CP) × 100 = (14357 / 57428) × 100 ≈ 25%

Therefore, the correct gain percentage is 25%.

Since 25% is option 2, it is the correct answer.

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