Practicing Success
If the cost price of 12 pens is equal to the selling price of 8 pens, then what is the gain percent? |
$33 \frac{1}{3}$% 50% $66 \frac{2}{3}$% 70% |
50% |
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% |