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25-03-2021
Mathematics

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A man bought a car for ¢5.5 million and sold it for ¢6.5 million. Find the percentage gain.

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25-03-2021

Answer:

Around 18% increase

Step-by-step explanation:

Formula for percentage gain: final value-original value/original value

PG= 6,500,000-5,500,000/5,500,000

PG= 1,000,000/5,500,000

PG= 0.18181818

around 18%

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