if cost price of six pencils is equal to the selling price of 5 pencils, find the gain percent.
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20%
Step-by-step explanation:
Let the cost price of 1 pencil be x.
Cost price of 6 pencils = 6x
Selling price for 5 pencils = 6x
Selling price for 1 pencil = 6x / 5
Profit = 6x / 5 - x
= (6x - 5x) / 5
= x / 5
Profit percent = ( Profit / Cost price) × 100%
= ((x / 5) / x ) × 100%
= 20% Ans.
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