Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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

Options:

20% gain

20% loss

25% gain

25% loss

Correct Answer:

25% gain

Explanation:

Cost price of the car = 500

Selling price of the car = 625

Profit = 625 - 500 = 125

Profit% = 125 × \(\frac{100}{500}\) = 25%