Sandeep buys a toy car for ₹500 and sells it for ₹625. What is his gain or loss percentage?
Answer & explanation
Correct answer: option 3
Cost price of the car = 500
Selling price of the car = 625
Profit = 625 - 500 = 125
Profit% = 125 × \(\frac{100}{500}\) = 25%