Question

If cost price of 12 pens is equal to selling price of 8 pens. Find the gain percent

Answer 1

Answer:

Profit 50%

Step-by-step explanation:

SP=CP* mf

where mf= multiplication factor ,

if mf<1= loss

 mf>1= profit

  mf=1 = no profit no loss

Now given=> 8SP=12CP

                 =>SP=12/8CP

                =>SP=1.5CP

mf= 1.5>1= profit of 50 percent