Question

Selling Price of 2 pencils is same as the Cost price of 3 pencils. Find the Gain Percent.

Answer 1

Answer:

As we know that

SP=CP+gain

Given 3 times CP is equal to 2 times SP

⟹3CP=2SP

⟹3CP=2(CP+gain)

⟹3CP=2CP+2gain

⟹CP=2gain

⟹gain= 1/2*Cp=20/100*Cp

gain =20%