Question 70

Sandeep buys a toy car for ₹500 and sells it for ₹625. What is his gain or loss percentage?

Solution

Sandeep buys a toy car for ₹500 and sells it for ₹625.

cost price = ₹500

selling price = ₹625

Here selling price is more than cost price. So profit = ₹625-₹500

= ₹125

Gain(profit) percentage = $$\frac{profit}{cost\ price}\times100$$

= $$\frac{125}{500}\times100$$

= 25%

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