The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is :
Answer & explanation
Correct answer: option 3
According to the question,
The cost price of 12 pens is equal to the selling price of 8 pens
\(\frac{CP}{SP}\) = \(\frac{8}{12}\)
Profit = 12 - 8 = 4
Profit% = 4 × \(\frac{100}{8}\) = 50%