CP of 12 books is equal to SP of 8 books then find the gain or loss percentage
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- Statement of the given problem,
- If the cost price of 12 books is equal to the selling price of 8 books, what is the gain percent?
- Let C & S denote the cost-price & the sell-price respectively of an book.
- Hence from above data we get as follows,
8*S = 12*C
or S = (3/2)*C = (1 + 1/2)*C = (1 + 50/100)*C
- Therefore the gain percentage = 50% [Ans]
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