Correct Answer: Option C

Explanation

Total cost = N(250,000 + 70,000) = N320,000
Selling price = N400,000 (given)
Gain = SP - CP = N(400,000 - 320,000) = N80,000
Gain % = gain/CP x 100 = (80,000/320,000) x 100

Gain % = 25%

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