Question

The cost price 16 pen is equal to selling price of 15 pen find the gain and loss percent​

Answer 1

The gain percentage (%) = 6.25 %

Step-by-step explanation:

Let CP of each pen be ₹ 1.

∴ The CP of 16 pens = The SP of 15 pens = ₹ 1

To find, the gain or loss per cent (%) = ?

∴ Gain = ₹ 16 - ₹ 15= ₹ 1

We know that,

Gain percentage (%) = gain/cp*100

= 1/16*100

= 6.25

= 6.25 %

Thus, the gain percentage (%) = 6.25 %