Answer :
Final answer:
The percentage gain when Virat buys an old car for Rs. 50000, spends Rs. 4000 on repairs and then sells the car for Rs. 60000, is 11 (1/9) %. Option b is correct.
Explanation:
The question is about calculating the gain percentage when Virat buys an old car and then sells it.
The total cost of the car including the repairs would be Rs. 50000 + Rs. 4000 = Rs. 54000. Virat then sells the car for Rs. 60000.
To calculate gain, we subtract the cost price from the selling price, which is Rs. 60000 - Rs. 54000 = Rs. 6000.
To calculate the percentage gain, we divide the gain by the cost price and then multiply by 100. This gives a gain percentage of (6000/54000) * 100 = 11 (1/9) %.
So, the correct answer is b. 11 (1/9) %.
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