Question

A toy was bought for £250 and sold for £262.50 . Find the gain or loss per cent.

Answer 1

Answer:

5%

Step-by-step explanation:

Bought for = 250

Sold for = 262.50

Thus, gain = 262.50 - 250 = 12.50

Therefore, Gain percent

= 12.50/250 x 100%

= 5%