A car dealer bought a second-hand car for 250,000 and spent N 70,000 refurbishing it.
MATHEMATICS
JAMB 2017
A car dealer bought a second-hand car for 250,000 and spent N 70,000 refurbishing it. He then sold the car for N400,000. What is the percentage gain?
- A. 60%
- B. 32%
- C. 25%
- D. 20%
Correct Answer: C. 25%
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