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 = $\frac{\text{Selling price} - \text{Cost price}}{\text{Cost price}}$ × 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.
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