Question : Sandeep buys a toy car for Rs. 500 and sells it for Rs. 625. What is his gain or loss percentage?
Option 1: 20% gain
Option 2: 20% loss
Option 3: 25% gain
Option 4: 25% loss
Correct Answer: 25% gain
Solution :
Sandeep bought the toy car for Rs. 500 and sold it for Rs. 625. This means he made a gain on the sale.
Gain Percentage =
Substituting the given values,
Gain Percentage =
Hence, the correct answer is a 25% gain.