Question

C.P of 12 pencils is equal to the S.P of 16 pencils,find the gain or loss percent

Answer 1

Step-by-step explanation:

Lets take the CP of one pencil as x

So CP of 12 pencils =12x

SP of one pencil =12x/16=3x/4

Since SP<CP,he made a loss

Loss=4x/4-3x/4

=x/4

Loss%=Loss/CP×100

x/4÷x×100

=x/4x×100

=100x/4x

=25

Lose percent=25%

Hope it helps