If the cost price of 5 pencil is equal to the selling price of 8 pencil find the gain of the Lost percent.
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Answer:
60% is the answer
step by step explanation:→
let CP and SP be 5x and 8x
according to the question →
CP of 5 pencil = SP of 8 pencil
SP > CP = PROFIT
PROFIT = SP - CP
PROFIT = 8x - 5x
PROFIT => 3x
PROFIT% = profit/ CP × 100
PROFIT% = 3x/5x × 100
= 300x / 5x
profit% = 60%
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