Math Problem Statement

Rajat sells a toy for Rs 650 gaining 1/5 of its cost price. Find his gain %.

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentage
Algebra

Formulas

Gain = Selling Price - Cost Price
Selling Price = Cost Price + Gain
Gain Percentage = (Gain / Cost Price) * 100

Theorems

Basic principles of profit and percentage calculations

Suitable Grade Level

Grades 6-8