Question

Please the the working. A car bought for $200 and sold for $250, what was the percentage gain of the cost price?

Answer 1

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Answer:

  25%

Step-by-step explanation:

A percentage change is calculated using the formula ...

  pct change = ((new value) - (old value))/(old value) × 100%

For your numbers, this is ...

  pct change = (250 -200)/200 × 100% = 50/200×100% = 25%

The selling price was 25% more than the cost price.