Multiple choice

The gain or loss percent when a carriage, which cost Rs. $4000$, is sold for Rs. $5000$ is:

  1. $10$ $\%$ loss
  2. $25$ $\%$ loss
  3. $25$ $\%$ profit
  4. $35$ $\%$ profit
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = 4000, Selling price = 5000. Profit = 5000 - 4000 = 1000. Profit percentage = (1000 / 4000) * 100 = 25%.

AI explanation

Using the profit percentage formula, Profit Percentage = ((Selling Price - Cost Price) / Cost Price) * 100, we substitute the given values. This gives ((5000 - 4000) / 4000) * 100 = (1000 / 4000) * 100. The result is a 25% profit.

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