Question : Sandeep buys a toy car for Rs. 500 and sells it for Rs. 625. What is his gain or loss percentage?
Option 1: 20% gain
Option 2: 20% loss
Option 3: 25% gain
Option 4: 25% loss
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Correct Answer: 25% gain
Solution : Sandeep bought the toy car for Rs. 500 and sold it for Rs. 625. This means he made a gain on the sale. Gain Percentage = $\frac{\text{Selling price} - \text{Cost price}}{\text{Cost price}}$ × 100 Substituting the given values, Gain Percentage = $\frac{625 - 500}{500} × 100=\frac{125}{500} × 100=25\%$ Hence, the correct answer is a 25% gain.
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Question : A shopkeeper buys pencils from a wholesaler at Rs. 20 for 40 pencils. He sells those pencils at Rs. 20 for 20 pencils. What was his profit or loss percentage?
Option 1: 50% Profit
Option 2: 80% Loss
Option 3: 100% Profit
Option 4: 20% loss
Question : Rohit buys an old bat for Rs. 880 and spends Rs. 120 on its repair. If he sells it for Rs. 800, then what is the loss percentage?
Option 1: 25%
Option 2: 30%
Option 3: 10%
Option 4: 20%
Question : A shopkeeper earns 20% profit on his goods. He lost 20% of his goods during a theft. What is his profit or loss percentage?
Option 1: 4% loss
Option 2: 4% gain
Option 3: 6% gain
Option 4: 6% loss
Question : Ajay buys a scooter for Rs. 7560 and spends Rs. 540 on its repair. He sells it for Rs. 9000. What is his gain percentage?
Option 1: 8.33%
Option 2: 9.09%
Option 3: 11.11%
Option 4: 6.25%
Question : Rohit buys an old bat for Rs. 1280 and spends Rs. 120 on its repair. If he sells it for Rs. 1050, then what is the loss percentage?
Option 1: 40 percent
Option 2: 25 percent
Option 3: 20 percent
Option 4: 30 percent
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