If the cost price of 18 pens is equal to the selling price of 16 pens , find the gain or loss per cent.
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Cost Price of 18Pens=Selling Price of 16 Pens
Means your Profit is not in the form of Cash But it is in the form of 2 pen You have already earned the amount which you had invested in Buying the Pen.
So the answer is 2pens profit 2Is quantity in which you got the profit.
Now apply Ratio Method
18/16=CP/SP
18/16=SP/CP
SP Became CP and CP Became SP
So Put 16 as Base and solve the sum
18-16=2
2/16*100=12.5%
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