Virat buys an old car for Rs. 40000 and spends Rs. 4000 on its repairs. If he sells the car for Rs. 60000, his gain percent is:  Choose the correct choice from the following answers:
A) 3 (4/7) %  B) 11 (1/9) %  C) 12 (2/3) %  D) 12%  E) 36.36%
Explanation:   C.P. = Rs. (40000 + 4000) = Rs. 44000   S.P. = Rs. 60000.   Gain% = ( (16000 / 44000) * 100 ) % = 36.36%   ANSW36.36%R 36.36%
<result>E</result>
Virat buys an old car for Rs. 40000 and spends Rs. 4000 on its repairs. If he sells the car for Rs. 60000, his gain percent is: