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

User Sravan
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1 Answer

5 votes

9514 1404 393

Answer:

25%

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.

User Zebasz
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3.5k points