A car dealer bough a second hand car for N250,000.00 and spend N70,000.00 refurbishing it: He then sold the for # 400,000.00. what is the percentage gain?

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A car dealer bough a second hand car for N250,000.00 and spend N70,000.00 refurbishing ...

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A \(20 \%\)
B \(25 \%\)
C \(32 \%\)
D \(60 \%\)

Correct Answer: Option B

Explanation:

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A car dealer bough a second hand car for N250,000.00 and spend N70,000.00 refurbishing ...

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