2. A shopkeeper buys toy for $250 and sells it for 300. Find his gain or loss percentage?
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Answer:
Cost Price of thr toy =Rs.250
Selling Price of thr toy =Rs.285
as S.P > C.P , there is a gain
Gain =285−250=Rs.35
Gain % =
C.P
gain
×100=
250
35
×100=
25
350
=14%
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