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
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
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 = $\frac{\text{Selling price} - \text{Cost price}}{\text{Cost price}}$ × 100 Substituting the given values, Gain Percentage = $\frac{625 - 500}{500} × 100=\frac{125}{500} × 100=25\%$ Hence, the correct answer is a 25% gain.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : A shopkeeper buys pencils from a wholesaler at Rs. 20 for 40 pencils. He sells those pencils at Rs. 20 for 20 pencils. What was his profit or loss percentage?
Question : Rohit buys an old bat for Rs. 880 and spends Rs. 120 on its repair. If he sells it for Rs. 800, then what is the loss percentage?
Question : A shopkeeper earns 20% profit on his goods. He lost 20% of his goods during a theft. What is his profit or loss percentage?
Question : Ajay buys a scooter for Rs. 7560 and spends Rs. 540 on its repair. He sells it for Rs. 9000. What is his gain percentage?
Question : Rohit buys an old bat for Rs. 1280 and spends Rs. 120 on its repair. If he sells it for Rs. 1050, then what is the loss percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile