the cost price of 16 pens is equal to the selling price of 12 pens. find the gain or loss percent
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Answer:
33 1/3 percent or 33.33 percent
Step-by-step explanation:
Let CP of 16 pens be Rs x
As CP of 16 pens is equal to the SP of 12 pens
Therefore, SP of 12 pens is also Rs x
LCM of 12 and 16 is 48.
CP of 48 pens is x/ 16 multiplied by 48. That equals to 3x
SP od 48 pens is x / 12 multiplied by 48. That equals to 4x
As SP is more than CP, there is profit
Profit is equals to SP - CP
Therefore, 4x - 3x
Equals to x
Profit percentage is profit / CP multiplied by 100
Therefore, x / 3x multiplied by 100
Equals to 100/ 3 or 33 1/3 or 33.33 percentage
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