Tunse bought a house for ₦1,250,000.00 and spent ₦350,000.00 to renovate it. He then sold the house for ₦2,000,000.00. What is the percentage gain?

### Explanation:

Tunde Bought A House For 1,250,000 And Renovate It For 350,000.

∴ The C.P is 1,250,000 + 350,000 = 1,600,000.

Gain = S.P - C.P = 2,000,000 - 1,600,000 = 400,000.

∴ To Calculate the Percentage (%) Gain = Gain / Cost Price * 100

i.e. 400,000 / 1,600,000 * 100 = 25%