If the cost price of 12 books is equal to the selling price of 8 books, what is the gain percent?
Answers
Friends, we know we will need gain amount to get gain percent, right. So lets get gain first.
Let the cost price of 1 pen is Re 1
Cost of 8 pens = Rs 8
Selling price of 8 pens = 12
Gain = 12 - 8 = 4
\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{4}{8} * 100 \right)\% = 50\%
\end{aligned}
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The gain percent is 50%
Step-by-step explanation:
Let the cost price of 1 book be Re.1
Cost price of 8 books = Rs.8
Cost price of 12 books = Rs.12
cost price of 12 books is equal to the selling price of 8 books
Sp of 8 books = CP of 12 books = Rs.12
CP of 8 books = Rs.8
SP>CP
So, Profit
Hence the gain percent is 50%
#Learn more:
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