f the cost price of 10 pencils is equal to the selling price of 8 pencils, find the gain or loss percent.
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CP OF pencils = 10 = sp of pencils = 8
LET THE CP OF 1 PENCIL BE ₹ 1
CP OF 10 PENCILS = ₹ 10
SP OF 8 PENCILS = ₹ 10
SP OF 1 PENCIL = ₹ 10/8 = ₹5/4
SP >CP
PROFIT = CP - SP
= 5/4 -1
= ₹ 1/4
PROFIT% = PROFIT/CP X 100
= 1/4/1 X 100
= 25%
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