Alfred buys an old scooter for $4700 and spends $1000 on its repairs. If he sells the scooter for $5800, his gain percent is?	Choose the correct choice from the following answers.
A) 5.45 %
B) 6.23 %
C) 1.75 %
D) 8.12 %
E) 10 %

Rationale: "c . p . = 4700 + 1000 = $ 5700 s . p . = $ 5800 gain = 5800 - 5700 = $ 100 gain % = 100 / 5700 * 100 = 1.75 % answer is c"
Answer: C