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