A table is bought for Rs.400/- and sold at Rs.500/- find gain or loss percentage

(a) 30% Gain (b) 25% Gain (c) 30% Loss (d) 25% Loss

Your Answer

(b) 25% Gain.
Because, selling price=500=400+100=400+(400*1/4)=400+(400*25/100)=400+(400*25%).
Since it is selling price is greater than the cost, it is a GAIN.

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