Rita buys a toy car for Rs.12,000 and sells it for Rs.14,500. What is her gain percent? (rounded off to two digits after decimal)
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 20.83%.
Gain% = (S.P. - C.P.)/C.P × 100
Gain% = (14500 - 12000)/12000 × 100
Gain% = 2500/12000 × 100
Gain% = 20.83%