Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

If the cost price of 12 pens is equal to the selling price of 8 pens, then what is the gain percent?

Options:

$33 \frac{1}{3}$%

50%

$66 \frac{2}{3}$%

70%

Correct Answer:

50%

Explanation:

12 × CP = 8 × SP

3 × CP = 2 × SP

CP : SP = 2 : 3

Gain percentage = \(\frac{ 3 - 2 }{2}\) × 100%

= \(\frac{ 1 }{2}\) × 100%

= 50%

The correct answer is Option (2) → 50%