3) If selling price of 5 pens is equal to the cost price of 4 pens, the gain or loss percent is:
(a) 20% loss
(c) 25% gain
(d) 25% loss
(b) 20% gain
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Step-by-step explanation:
20% loss
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20% loss is the answer
Loss = 5-4= 1 pen
Percentage of loss = 1/5*100 = 20%
Loss = 5-4= 1 pen
Percentage of loss = 1/5*100 = 20%
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