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Profit and Loss

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  1. A man buys a toy for $ 25 and sells it for $ 30. His gain percent is
    1. 20%
    2. 5%
    3. 10%
    4. 2.5%
Correct Option: A

Given that , CP of toys = $ 25 and SP of toys = $ 30
Gain = SP of toys - CP of toys = 30 - 25 = $ 5

∴ Profit percent =
5
 × 100
25

Profit percent =
500
 = 20%
25


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